And …. it begins
A day after the Big 3 shutdown factories amid the virus lockdown, Ford is out with a kitchen sink 8K as it braces to ride out the worsening economic situation in the US (and worldwide):
$15.4 billion of additional cash on balance sheet, drawing from two credit lines
Dividend suspension to preserve cash and provide additional flexibility in the current environment
Withdrawal of company guidance for 2020 financial performance