"We believe the company's cash is sufficient to take us through the end of the year, even with no additional vehicle wholesales or financing actions," Chief Financial Officer Tim Stone said in a statement.
DETROIT: Ford Motor Co said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but said despite the ongoing crisis it has enough money to last for the remainder of 2020.
"We believe the company's cash is sufficient to take us through the end of the year, even with no additional vehicle wholesales or financing actions," Chief Financial Officer Tim Stone said in a statement.
