Ford Restates Guidance--Billion Dollar Hit

[candycorn]

https://www.reuters.com/business/autos-transportation/ford-pulls-guidance-warns-it-will-take-15-billion-hit-trumps-tariffs-2025-05-05/

So GM was bailed out, Ford is apparently being made elsewhere....

I guess Trump supporters are going to start buying Teslas only.

 

[Orangecat]

 

[Dont Taz Me Bro]

The tariffs are hammering their bottom line.

Ford Motor paid out more than $800 million in tariffs last quarter, despite manufacturing most of its vehicles in the U.S.

The tariff bill came from parts imported from outside of the country as well as from fees on steel and aluminum. The hit helped wipe out the company’s net profit, leading to its first quarterly loss since 2023.

The company said tariff-related costs will cut about $2 billion from its annual earnings, more than the $1.5 billion it predicted three months ago.

The company reported a net loss of $29 million, compared with $1.8 billion in net income a year ago. Revenue rose to $50.2 billion, from $47.8 billion a year ago.

MSN