Ford posts $2 billion loss in the first quarter

Ford has posted a $2 billion first-quarter net loss and worryingly its second-quarter loss could be more than double to over $5 billion as the coronavirus pandemic depresses sales and production. With most of its factories shut down, the carmaker said its revenue from January through March fell nearly 15 per cent to $34.3 billion. […]

Samsung profit falls as coronavirus hits smartphone, TV sales

Seoul: Samsung Electronics Co Ltd said on Wednesday it expected its profit to decline in the current quarter, as strength in the chip business would be offset by a sales slump in smartphones and TVs. Samsung said its first-quarter operating profit rose 3 per cent in the January-March period, in line with an earlier estimate, […]