Ford may lose 5 BILLION dollars in the 2nd QuarterThe point here is liquidity in these times is vital, it's the reason why GM fell over in the GFC, Ford on the other hand mortgaged everything to survive. It's a similar situation at the moment but nowhere near as bad because Ford already has an efficient manufacturing base with forward looking products in the pipeline.
The alliance with VE becomes more important for Ford's Europe, ROW and maybe China's future needs. The symbiotic nature of the alliance equals guaranteed income for Ford's commercial vehicle plants and low cost delivery of VW based passenger vehicles.
VW may we'll have $19 billion cash in hand but spread across so many captive brands, the losses will be much greater each quarter than Ford but yes, VW will survive, the German government will back stop it if needed.Fri, 01 May 2020 21:22:26 +0000
---------------------------------------------------------------------------
Visit this link to stop these emails: http://zpr.io/tiSvD
