Aug 01, 2020
GM, Ford & Fiat Chrysler Report 2nd Quarter Loss
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Earlier this week General Motors reported a loss of $800M as COVID-19 slammed sales.
Ford Motor Company reported a loss of $1.91B which was better than what the company predicted.
Fiat Chrysler reported a loss of $1.24B billion dollars which was also better than expected.
In the rankings for which automakers lost the most money during Q2 Ford comes in first followed by Fiat Chrysler and GM.
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News Source: cbslocal.com
Ford Chief Operating Officer Jim Farley to take CEO spot effective Oct. 1; Jim Hackett to retire.
DETROIT (AP) — Ford Chief Operating Officer Jim Farley to take CEO spot effective Oct. 1; Jim Hackett to retire.
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