US EditionFord reinstates full-year outlook, including $2 billion tariff hit
UNITED STATES, JUL 30 – Ford raises its full-year tariff cost forecast to $2 billion, citing ongoing steel, aluminum, and parts levies that continue to pressure earnings and offset strong EV sales growth.
- On Wednesday, Ford Motor Co. will report its second-quarter earnings after the market's close, with full-year guidance suspended in May due to tariffs.
- Amid ongoing U.S. levies, President Donald Trump’s 25% tariffs on imported vehicles and auto parts remain in effect, cutting $800 million from Ford’s quarter ending in June.
- Reporting $50.2 billion in revenue, Ford posted adjusted earnings per share of $0.37, beating analysts' $0.33 estimate.
- Forecasting full-year EBIT, Ford expects $6.5 billion to $7.5 billion, down from February’s projection of $7.0 billion to $8.5 billion.
- Future projections show Ford expects $2 billion in tariff costs this year, and the end of a $7,500 EV tax credit in September may dampen sales.
28 Articles
28 Articles
US author Ford expects Trump's import tariffs to put two billion dollars on the market. Ford CEO Farley warns that the US president would benefit Japanese rivals such as Toyota with his policy.
The auto giant Ford produces a large part of its vehicles in the USA, but imports parts from all over the world. Due to Trump's tariffs, the Group expects a billion-dollar charge and shortens its forecast.
'Squeezed!' Ford throws Trump under the bus over profit crisis
American automaker Ford on Wednesday followed in the steps of General Motors in warning that President Donald Trump's tariffs are going to take a hammer to its bottom line.As reported by Bloomberg, Ford said that its profit could plunge by up to 36% this year as it expects to take a $2 billion hit from the president's tariffs on key inputs such as steel and aluminum, as well as taxes on car components manufactured in Canada and Mexico. News of F…
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