Ford Forecasts $5 Billion Q2 Operating Loss

Welcome to The Grid, R&T’s quick roundup of the auto industry and motorsports news you should know this morning.

Ford Forecasts $5 Billion Q2 Operating Loss

We know the coronavirus pandemic has been bad to automakers, but it’s unclear just how bad. For Ford, a clearer picture is emerging, and it’s not great. Automotive News reported yesterday that the Blue Oval is expecting a $5 billion operating loss in Q2. Ford yesterday reported Q1 losses of $632 million, though it actually made $346 million in North America. The automaker isn’t providing any guidance for how the rest of the year will look financially, but things may get better—its U.S. plants should start up again at some point this month. And in any case, Ford has $35 billion in cash on hand, so it should be comfortable for some time.

BMW Reveals Details on New 4-Series

The new 3-Series has been with us for a while now, so it’s about time for BMW to roll out the 4-Series. The Bavarian brand released a few details on the 4er last night. The highlight is the powertrain of the M440i. BMW will augment its wonderful B58 3.o-liter inline-six with a mild-hybrid system, which adds an 11-hp electric motor that functions as a starter-generator, and provides a bit of extra boost to compensate for turbo lag. The 4 will also sit lower than the 3-Series sedan, with a slightly wider rear track, and more negative camber at the front. BMW also says the 4-series will be stiffer than an equivalent 3-series, for a more sporty feel. The automaker didn’t reveal any details about the new 4’s expected massive kidney grilles, though. For more, our colleagues at Car and Driver had a go in the 4er.

Luc Donkerwolke Leaves Hyundai

Luc Donkerwolke, the former VW Group designer who joined Hyundai in 2015, is leaving the design chief position Korean company today for personal reasons, Automotive News reports. Along with his former VW colleague Peter Schreyer, Donckerwolke helped turn the Hyundai group into a design leader, with distinctive cars coming from all three of its brands. Schreyer is still overseeing design management at the company, while SangYup Lee will lead Hyundai and Genesis design studios, and Karim Habib—poached from Infiniti—will run Kia’s.

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