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Ford expects to lose $1.5 billion due to Trump’s tariffs
Ford said Monday that its net income fell by about two-thirds in the first quarter to $473 million, or 12 cents per share, from $1.33 billion, or 33 cents per share, in the year-earlier quarter. Revenue dropped 5 per cent to $40.66 billion.
Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
The automaker said its estimate of how much tariffs would hurt its finances include changes the company was making to reduce costs, including buying more parts and producing more vehicles in the United States. Excluding those measures, Ford expects tariffs to cost it $2.5 billion.
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Ford Motor suspended its annual guidance on Monday because of uncertainty around President Trump’s tariffs, saying the levies ...
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Production halts and an unprofitable EV business nearly wiped out Ford Motor’s net profit in the first quarter, the company said Monday. Ford reported net income of $471 million, down from ...
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Ford Motor Company develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford ...
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