Ford Will Post a First-Quarter Loss, but It Still Has Lots of Cash

In a preliminary release of its first-quarter earnings, Ford Motor (NYSE: F) said that it expects to post an adjusted pre-tax loss of about $600 million -- and that it has enough cash to last at least until October, even if most of its factories have to stay closed. 

At first glance, the news is grim. But most of it is about what we expected -- and the news about Ford's cash-burn rate should give Ford investors some reassurance.

Ford will post a first-quarter loss, but it still has $30 billion in the bank, the company said on Monday. Image source: Ford Motor Company.

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Source Fool.com