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Automaker Ford pulls outlook, sees $1.5 billion hit from Trump's tariffs

Business Standard LogoBusiness Standard9h ago

Automaker Ford pulls outlook, sees $1.5 billion hit from Trump's tariffs - Business Standard

Quick Summary:

The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.

Ford has struggled with higher warranty costs and other expenses, including losses on electrical vehicles it has said may reach $5.5 billion this year.

Chief Executive Officer Jim Farley acknowledged how difficult it is to predict the tariffs’ ultimate impact on costs, especially when the Trump administration also is renegotiating trade deals, including the agreement between the US, Canada and Mexico.“It’s a pretty dynamic situation, I think this is all really new for all of us,” Farley said Monday during a call with analysts.“We should just all expect to be a little bit patient during this time to see how these policies kind of work out.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 08:20:38 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 923 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28426782

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 257 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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