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Ford says it hopes to restart its factories closed for coronavirus by the end of June.
But it said it has enough cash on hand and available to it that it can make it through the end of September without a restart of production outside of China.
Ford (F) issued guidance Monday saying it has $30 billion in cash on hand, including $15.4 billion of proceeds from borrowing last month.
“We believe we have sufficient cash today to get us through at least the end of the third quarter with no incremental vehicle production,” said Ford CFO Tim Stone.
Ford has restarted production in China, where the disease shut production earlier and has begun to abate. But Ford’s plants elsewhere in the world remain shut.
“The company is considering …continued .
[Original Source: CNN]