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Ford Is Latest Carmaker to Blame Tariffs for Profit Slump
Carmakers have so far avoided passing on much of the cost of tariffs to consumers. They built as many cars as they could before tariffs took effect, and have absorbed some of the cost. Ford expects that retail prices for its vehicles will rise only 1 percent this year, Ms. House said.
Ford reports record Q2 revenue but posts $36M loss as tariffs and EV costs drag earnings; full-year guidance reinstated.
Ford's earnings show ongoing profit margin pressure and heightened uncertainty, especially with tariff challenges. Read what ...
Ford said its net income of $3.3 billion was the best since 2011, and adjusted pre-tax profit was a record $4.8 billion, including a $900 million non-cash gain on its investment in Rivian, the ...
Ford said Monday that its net income fell by about two-thirds in the first quarter to $473 million, or 12 cents per share, from $1.33 billion, or 33 cents per share in the year-earlier quarter.
Overall, Ford expects to report a profit of $11 billion to $12 billion in 2023 before taking into account interest, taxes and certain other expenses, it said. That is up from an earlier forecast ...
Ford's profit margins fell to 5.2 percent, from 6.4 percent in the same quarter a year ago. Shanks said adding plant shifts and workers to meet growing vehicle demand is eating into profits.
Surprising news comes courtesy of Ford this morning in the form of an unexpectedly good third quarter report. The Blue Oval posted $997 million in positive net ...
Ford’s quarterly profit was a surprise even for the company’s top management. “I can tell you this outcome was far from certain at the beginning of the quarter,” said Ford CEO Jim Farley.
Ford Motor Co. reported record revenue in the second quarter of $50.2 billion as its employee pricing program helped drive ...
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