News Formal

Ford posts quarterly profit thanks to VW investment in Argo

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Ford Motor Co on Thursday posted a quarterly profit thanks to an investment by Volkswagen AG in the No. 2 U.S. automaker's self-driving Argo ...

REUTERS: Ford on Thursday posted a quarterly profit thanks to an investment by Volkswagen in the No 2 US automaker's self-driving Argo unit, offsetting the impact of a production shutdown forced by the coronavirus pandemic.

Ford reported net income in the second quarter of US$1.1 billion, or 28 cents a share, compared with a profit of US$100 million, or 4 cents a share, a year earlier. Excluding items, Ford posted a second-quarter operating loss of US$1.9 billion, or 35 cents a share.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse to merge investment banking units, posts Q2 profit hikeZURICH (REUTERS) - Credit Suisse said it was wrapping its global markets and investment banking divisions into a single unit, as chief executive Thomas Gottstein puts his first major strategic stamp on the bank.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »