Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

By AP NEWS   |   1 week ago
Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

Ford Motor Co. expects a $1.5 billion hit to its profit from tariffs, withdrawing full-year financial guidance due to trade policy uncertainty. Despite exceeding analyst expectations, net income fell by two-thirds in the first quarter. The impact of tariffs on the automotive industry is a significant concern.

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