Assembly workers at Fiat Chrysler Automobiles produce protective masks, amid the spread of coronavirus disease (COVID-19), at the assembly plant in Betim, near Belo Horizonte, Brazil, on May 20, 2020. Washington Alves | Reuters Fiat Chrysler lost $ 1.24 billion (1.05 billion euros) in the second quarter as the coronavirus …
Read More »Ford’s low sales were fueled by autonomous vehicle investment
Ford (F) announced a net income of $ 1.1 billion in the second three months of the year, helped by a $ 3.5 billion gain on VW’s investment. Ford and VW now have equal stakes in Argo AI, which has said it will roll out its autonomous driving technology in …
Read More »Ford Bronco’s reserves far exceed expectations, executives say
The new Ford Bronco SUV is already exceeding the company’s expectations before hitting dealership showrooms next year. More than 150,000 bookings have been made for the next two- or four-door SUV, far exceeding Ford Motor’s initial expectations, according to executives. “That exceeds our optimistic expectations,” Ford CFO Tim Stone told …
Read More »Ford Earnings (F) Q2 2020
A visitor walks past a Ford Escape Titanium at the Shanghai Motor Show on April 17, 2019. Greg Baker | AFP | fake pictures Ford Motor performed much better than expected by Wall Street during the second quarter, even exceeding its own expectations, as the coronavirus caused continuous plant shutdowns …
Read More »Volkswagen records a loss of $ 940 million in the first half and cuts dividends
A car assembly line worker wears a protective face mask when Volkswagen AG (VW) restarts production at its headquarters factory in Wolfsburg, Germany, Monday, April 27, 2020. Volkswagen is restarting production at its plant. Auto Industry Wolfsburg, the world’s largest, with A group of labor leaders warned that the political …
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