About: http://data.cimple.eu/news-article/9fb5188eb4d5b0814972c56da0199bc55b712de363e79dff0e6acaab

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About: http://data.cimple.eu/news-article/9fb5188eb4d5b0814972c56da0199bc55b712de363e79dff0e6acaab Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Ford reported better-than-expected results Thursday despite the hit from COVID-19 and the carmaker said it had enough cash on hand to survive the coronavirus crisis. The US auto giant, which shuttered some factories due to the pandemic and saw overall car sales fall sharply, reported an operational loss of $1.9 billion in the second quarter, much lower than the $5 billion loss projected in April. Even though factories were idled for six weeks, Ford said it picked up retail market share in North America for its top-selling F-150 pickup trucks as well as a strong performance from other large vehicles. Ford reported net profits of $148 million boosted by a one-time gain of $3.5 billion following Volkswagen's investment in an autonomous vehicle joint venture, called Argo AI. Revenues fell about 50 percent to $19.4 billion. Ford also amassed almost $40 billion in liquidity following a large bond offering in the second quarter. That should allow the car company to maintain $20 billion in cash "even if global demand declines or there is another major wave of pandemic-related closures," the company said. Shares in the automaker rose 2.2 percent to $6.90 in after-hours trading. jum-jmb/hs
schema:headline	Ford results top estimates, points to strong cash position
schema:mentions	Ford F-Series Self-driving car North America Volkswagen Ford Motor Company Pandemic Coronavirus Severe acute respiratory syndrome coronavirus 2 Extended-hours trading Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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