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Ford, lifted by VW's Argo investment, posts quarterly profit

AMB News Reporter

News Reporter
Filed under: Earnings/Financials,Ford

Excluding the windfall from the investment in Pittsburgh-based Argo, Ford posted a loss that was lower than Wall Street analysts had forecast. German automaker VW closed its $2.6 billion investment in Argo last month. 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 coronavirus shutdown earlier this year.
Continue reading Ford, lifted by VW's Argo investment, posts quarterly profit

Ford, lifted by VW's Argo investment, posts quarterly profit
originally appeared on Autoblog on Thu, 30 Jul 2020 17:20:00 EDT. Please see our terms for use of feeds.

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