Adam Jonas, Morgan Stanley's head of world autos and shared mobility analysis, instructed CNBC on Tuesday that although Ford will survive the monetary uncertainty attributable to the coronavirus, its inventory could not have bottomed simply but.
"That does not imply Ford cannot go from $four to $2 alongside the best way that is fluid," Jonas mentioned on "Squawk on the Avenue."
Jonas mentioned the automaker has had its execution points. However he pointed to the corporate's $30 billion in liquidity in its industrial operations in addition to a powerful treasury and monetary staff born of the 2008 monetary disaster, during which the corporate didn't obtain a bailout. He mentioned the board's resolution to droop its dividend due to the coronavirus additionally indicated the corporate's dedication to staying afloat.
"I mentioned that is it they're all in. It is all about survival," Jonas mentioned of the dividend resolution, which accompanied Ford's withdrawal of 2020 steerage final week.
He added that Ford Government Chairman Invoice Ford "will do no matter it...
Supply cnbc.com