Ford is sitting on $37 billion in cash, one of the 10 biggest balance-sheet hoards in corporate America, but with a difficult transition to electric vehicles and other pressures in the auto sector, Ford's financial managers need every penny.
are others, according to FactSet data — both stock and bond analysts say Ford faces so many challenges over the next few years that it needs to hold on to every penny.
to cope with the rush into electric and autonomous vehicles highlighted by the Mustang Mach E crossover announced Sunday. Withelectric models due by the end of 2020, Ford's effort is seen as smaller and less ambitious than many rivals' moves, said CFRA Research stock analyst Garrett Nelson. Ford spokesman Said Deep did not respond to an interview request, but the company has been open about the fact that its agenda will require an unusual amount of financial flexibility.Ford's third-quarter earnings
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