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Ford Posts A Big Loss And Construction Workers Will Soon Resume Work

Ford Posts A Big Loss And Construction Workers Will Soon Resume Work

FromDaily Detroit


Ford Posts A Big Loss And Construction Workers Will Soon Resume Work

FromDaily Detroit

ratings:
Length:
13 minutes
Released:
Apr 30, 2020
Format:
Podcast episode

Description

On today’s show, some coronavirus-related automotive news for you. Ford posted a hefty, $2 billion loss for the first quarter, blaming it on the coronavirus and related production shutdowns. It also said the second quarter will be far worse, when it expects to post a $5 billion pre-tax loss. Lincoln also made a surprise announcement that it’s canceling plans to develop its first electric vehicle with EV startup Rivian because of the “current environment,” with production shut down and cash leaking like a sieve at the parent company. Also today: The construction industry is expected to be cleared to go back to work on May 7 Gov. Gretchen Whitmer has unveiled a proposed G.I. Bill for those classified as “essential workers” during the coronavirus shutdown The state is launching a new $130 million fund to make child care more affordable to essential workers Nearly 40 mid-Michigan residents have been infected with coronavirus traced to an outbreak at a massive poultry farm Thanks for listening to Daily Detroit. If you like what you’re hearing, tell a friend about us, leave us a review and subscribe on Apple Podcasts, or support us by becoming a Patreon member.
Released:
Apr 30, 2020
Format:
Podcast episode

Titles in the series (100)

Your Daily Detroit shares what to know and where to go in Metro Detroit. This all local news & entertainment show pushes Detroit's conversation forward. We cover development happenings, city and suburb news, policy, where to go eat and drink, events around town, the tech and entrepreneurial scene, and more depending on the day's news. All brought to you by the smart and engaging team at Daily Detroit.