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Ford Is Latest Carmaker to Blame Tariffs for Profit Slump
Carmakers have so far avoided passing on much of the cost of tariffs to consumers. They built as many cars as they could before tariffs took effect, and have absorbed some of the cost. Ford expects that retail prices for its vehicles will rise only 1 percent this year, Ms. House said.
Jim Farley, Ford's CEO, said a Toyota 4Runner made in Japan could cost $10,000 less than a Ford Bronco made in Michigan.
Ford now expects a $3 billion tariff hit this year — pushing up costs on parts, altering vehicle pricing and narrowing dealer ...
Ford is upset that the Mexico and Canada rates are higher than the 15% tariff rates announced for major automotive nations ...
It now expects a net $2 billion tariff hit for full-year 2025, up from the $1.5 billion projected previously. Initially, Ford ...
Take Ford CEO Jim Farley, for example. Farley's 2024 compensation totaled just under $25 million in 2024, according to Ford's ...
Ford reported second-quarter adjusted earnings per share (EPS) of $0.37, with revenue growing 5% year-over-year to $50.18 ...
The Dearborn automaker now expects the import taxes will affect adjusted operating profit by $2 billion this year.
Big Three automaker Ford is on deck to report second quarter results, and give investors more details on the impact of ...
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