PODCAST: Construction Workers Will Soon Resume Work & Ford Posts A Big Loss

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On today’s show, some coronavirus-related automotive news for you. Ford posted a hefty, $2 billion loss for the first quarter, blaming it on the coronavirus and related production shutdowns. It also said the second quarter will be far worse, when it expects to post a $5 billion pre-tax loss. Lincoln also made a surprise announcement that it’s canceling plans to develop its first electric vehicle with EV startup Rivian because of the “current environment,” with production shut down and cash leaking like a sieve at the parent company.

Also today:

  • The construction industry is expected to be cleared to go back to work on May 7
  • Gov. Gretchen Whitmer has unveiled a proposed G.I. Bill for those classified as “essential workers” during the coronavirus shutdown
  • The state is launching a new $130 million fund to make child care more affordable to essential workers
  • Nearly 40 mid-Michigan residents have been infected with coronavirus traced to an outbreak at a massive poultry farm

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