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State of Play: Auto Woes

Jul 31, 2020
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Ford Motor Company today posted an $8.7-billion loss, it’s largest-ever single-quarter shortfall. The company earned a $750-million profit in the same quarter last year. In an attempt to respond to changing American tastes and boost sales at home, Ford announced it will convert several North American factories in order to bring a line of smaller European cars to the United States.
Online coverage by major media outlets has included a combination of original stories and wire copy but came up with largely similar headlines.
Ford Posts Loss of $8.7 Billion on Asset Woes(The New York Times)
Ford Swings to Loss On Write-Downs(The Wall Street Journal)
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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