Ford's Shares Are Falling Today on News of Its First-Quarter Loss
Shares of Ford Motor Company (NYSE: F) were down on Monday, after the company said that it probably lost $600 million in the first quarter and that its cash will last at least through September.
As of 11:30 a.m. EDT today, Ford's shares were down about 6% from Friday's closing price.
In a statement released before the U.S. markets opened on Monday, Ford said that it had about $30 billion in cash remaining as of April 9. That's enough to last through the third quarter even if most of its factories stay closed, it said.
Source Fool.com
