US EditionFord pulls guidance, warns it will take $1.5 billion hit from Trump's tariffs
- Ford Motor Company suspended its 2025 annual guidance on Monday due to uncertainty caused by President Trump's 25% tariffs on imported vehicles and parts.
- The tariffs, introduced to increase costs on imports mainly from Mexico and China, led Ford to withdraw guidance until clearer impacts on consumer behavior and costs emerge.
- Ford reported first-quarter revenue of $40.7 billion, a 5% decline from a year ago, with net income falling sharply to $471 million amid continuing losses in its electric vehicle operations.
- Ford projected that tariffs will increase adjusted earnings costs by approximately $1.5 billion in 2025, and CFO Sherry House emphasized that the company is concentrating on controlling the factors within its influence.
- The suspension of guidance reflects Ford’s caution about the tariff impact, suggesting ongoing challenges in profitability and pricing as the company navigates industry-wide trade tensions.
172 Articles
172 Articles
'How long can this go on?' Republican pressed after admitting Americans will feel 'pain'
Rep. Darin LaHood (R-IL) told CNN's Brianna Keilar that he isn't shocked that American automakers are hiking prices because President Donald Trump said that there would be "some short-term pain" as a result of his tariffs. LaHood committed to Trump's language, saying, "I don't think we can continue ...
Ford Anticipates Huge Finacial Hit From Tariffs Following Q1 Earnings Report
Photo: Ryan Garza ~ USA TODAY NETWORK DEARBORN, May 7, 2025 ~ While the Ford Motor Co. reported higher-than-expected first-quarter earnings Monday, it also expressed uncertainty to investors due to tariffs. The automaker pulled its full-year guidance since it expects to see an additional $2.5 billion in gross costs from the Trump administration’s policies on tariffs in an attempt to spur domestic manufacturing. Bloomberg auto business reporter …
Ford readies for the impact of tariffs, suspends 2025 financial guidance
Ford Motor Company recently announced that its first-quarter financial picture was better than Wall Street expected. However, President Donald Trump's tariffs will likely lead to a difficult back half of 2025, according to the company. “Our results in the first quarter show that the Ford turnaround plan is working," Chief Financial Officer Sherry House told CNBC and other outlets. "We are transitioning this company into a higher growth, higher m…
Coverage Details
Bias Distribution
- 48% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
