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 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 guidance for 2025, including full-year adjusted-EBIT.