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 Keith Naughton told WJR, “A lot of it is out of their control, and Jim Farley, (Ford’s) CEO, called that a ‘huge hit.’ On a gross basis, it’s $2.5 billion, but they’re finding a billion of offsets to reduce that.“
PODCAST:
May 7, 2025 ~ Ford is experiencing financial strain due to tariffs imposed by the Trump administration, projecting a $1.5 billion impact this year. Bloomberg auto business reporter Keith Naughton joins Lloyd Jackson, Jamie Edmonds, and Chris Renwick to discuss the company’s Q1 profit drops and the auto industry lobbying for tariff relief on auto parts.
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