Ford’s comments came as the company posted a quarterly profit thanks to an investment by Volkswagen AG in its self-driving Argo AI unit, more than offsetting a loss caused by a coronavirus-induced production shutdown. The better-than-expected results and earnings outlook sent Ford’s shares up 2.5% in after-market trading. Ford said it expects a pre-tax profit of between $500 million and $1.5 billion for the third quarter and a loss for the fourth quarter, which features three significant product launches delayed by the shutdown earlier this year. …read more
Source:: Yahoo Finance
