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%

Canada News News

Canada Canada Latest News,Canada Canada 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.

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 CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada 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 »