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Ford expects USD 1.5 billion tariff hit in 2025, contemplates production shifts
On May 5, Ford reported that its Q1 2025 revenue declined 5.0% YoY to USD 40.7 billion, its adjusted EBIT plunged 63.1% to USD 1,019 million, and its net profit declined 64.6% to USD 471 million.
Ford said tariffs impacted EBIT by USD 200 million in Q1, and because of tariff uncertainty, it will suspend its financial....
Ford said tariffs impacted EBIT by USD 200 million in Q1, and because of tariff uncertainty, it will suspend its financial....
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