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Automotive giant Ford has revealed that import duties imposed by Washington cost the company $800 million (£604million) ...
General Motors, Stellantis and Ford are all taking a hit from tariffs, to the tune of hundreds of millions or billions of ...
The US automaker has fared best of all since tariffs were introduced, but forecast an even higher $4.66 billion cost because ...
On July 30, Ford said it now expects its full-year adjusted EBIT to be $6.5 billion to $7.5 billion, which includes a net tariff-related cost of $2 billion. Ford also expects to generate $3.5 billion ...
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.
The Dearborn automaker now expects the import taxes will affect adjusted operating profit by $2 billion this year.
Automaker says second-quarter results took an $800-million hit from levies and shares fell about 4% in aftermarket trading ...
Wall Street analysts expect Ford to report adjusted earnings per share of 33 cents and automotive revenue of $43.21 billion.