Ford pulls guidance, warns it will take $1.5 billion hit from Trump's tariffs

[Biker16]

https://www.aol.com/ford-pulls-guidance-warns-1-200712170.html

 

Quote

DETROIT (Reuters) -Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump's tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes.

"It's still too early to fully understand our competitors' responses to these tariffs," Ford CEO Jim Farley told analysts on Monday evening. "It's clear, however, that in this new environment, automakers with the largest U.S. footprint will have a big advantage."

Ford reported after the close of the U.S. stock trading session, and its shares fell about 2.3% in after-hours trade.

The tariffs are expected to add $2.5 billion in costs overall for the year, mainly related to expenses from importing vehicles from Mexico and China, Ford executives said. The automaker suspended automotive exports to China, but still imports vehicles like its Lincoln Nautilus from the country.

Company executives said it has been able to reduce about $1 billion of that cost through various actions, including transporting vehicles from Mexico to Canada using bond carriers, so they are not subject to U.S. tariffs.

In February, the Dearborn, Michigan automaker projected earnings before interest and taxes of $7.0 billion to $8.5 billion for 2025. That forecast did not take tariffs into account.

The automaker's Chief Financial Officer Sherry House said it was on track to meet that guidance, excluding the fallout from tariffs.

 

Edited March 10 by Biker16

[Joe771476]

Troublesome.

 

https://share.google/hRChxunC8zLvS57hD

[rmc523]

Would you care to put some context with your links.  Honestly I'm afraid to click them half the time because it looks like spam lol.

[morgan20]

18 minutes ago, rmc523 said:

Would you care to put some context with your links.  Honestly I'm afraid to click them half the time because it looks like spam lol.

 

Here are links to the original sources:

1.) Reuters story in the first post: https://www.reuters.com/business/autos-transportation/ford-pulls-guidance-warns-it-will-take-15-billion-hit-trumps-tariffs-2025-05-05/

2.) Autoblog story in the second post: https://www.autoblog.com/news/ford-is-building-more-cars-in-the-u-s-than-ever-but-still-losing-billions

Edited April 28 by morgan20

[akirby]

Oh please Autoblog.  The $8B loss had nothing to do with tariffs.

[Sherminator98]

3 hours ago, rmc523 said:

Would you care to put some context with your links.  Honestly I'm afraid to click them half the time because it looks like spam lol.

 

it looks like he is getting them from google news-I have a friend who sends stuff like that via sms 

 

[akirby]

17 minutes ago, Sherminator98 said:

 

it looks like he is getting them from google news-I have a friend who sends stuff like that via sms 

 

Joe - you need to click on the link first, then copy the actual article URL from the browser address bar.

[twintornados]

No matter what settings I use, my ad blocker and Autoblog just do not mesh....Autoblog constantly tells me to pause my ad blocker app and even when paused for the site, it will continue to demand I pause my ad blocker. 

[Motorpsychology]

1 hour ago, twintornados said:

No matter what settings I use, my ad blocker and Autoblog just do not mesh....Autoblog constantly tells me to pause my ad blocker app and even when paused for the site, it will continue to demand I pause my ad blocker. 

Try logging out and back in to clear the message.

 

I think some sites are becoming more sophisticated. I have AdBlocker Pro, and on certain Xenfro platforms, the ads push right through, no matter the settings. I've contacted AdBlocker, they haven't responded. The only thing I can do for that site is shrink the page until the side panel chaos disappears- still have the in-between subject ads.