Trump tariffs will cost U.S. carmakers billions and are a ‘bonanza’ for Asian competitors, warns Ford CEO Jim Farley
The biggest winners from Trump’s proposed tariffs, Farley suggested, won’t be domestic automakers but Asian rivals that would face little additional impact.
Ford CEO: Trump tariffs would wipe out billions in profits if they're long lasting
President Donald Trump agreed to a 30-day pause on 25% tariffs on Canada and Mexico on Monday, while a 10% tariff on China kicked in on Tuesday. The tariffs could inject chaos into auto supply chains, experts say. The auto industry accounts for 26% of imports from Mexico to the US, and 12% from Canada, UBS researchers estimated.
Ford Stock Is Falling. CEO Says Trump Tariffs Will Damage U.S. Auto Industry.
Farley also defended Ford’s U.S. manufacturing footprint, pointing out that about 80% of Ford vehicles sold in the U.S. are made in the country. What’s more, all of Ford’s t
Ford CEO Slams Trump’s Unfair Tariffs That Benefit Foreign Brands
Ford CEO Jim Farley isn’t exactly throwing a party over President Donald Trump’s tariff policies, especially when it comes to the automotive industry. But rather than simply g
Trump tariffs put US automakers at disadvantage, warns Ford CEO
Ford Motor Co (NYSE: F) chief executive Jim Farley is concerned that President Trump’s planned tariffs could do more harm than good to the US automotive industry. Raising tariffs against China, Mexico,
Ford CEO urges Trump not to 'cherry-pick' tariffs as auto industry faces multibillion dollar threat
During Ford’s Q4 earnings call yesterday, Farley warned that prolonged tariffs on imports coming from Mexico and Canada, where Ford and rival GM ( GM) make vehicles, would have a "devastating impact" on the industry,
Ford Planning Range-Extended Plug-In Hybrids, Says CEO Jim Farley
The comment came during Ford's fourth-quarter earnings call to investors, where Farley mentioned SUVs and pickups as ...
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Ford Says Tariffs Are A "Bonanza For Import Competitors"
Ford boss wonders why there aren't tariffs on Imported vehicles from rival manufacturers.Ford CEO Jim Farley isn’t holding ...
Ford expects to rack up EV losses of up to $5.5B in 2025, sending shares skidding
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a ...
Ford CEO Jim Farley Says Big Electric Trucks Aren't Profitable Just Yet
"Customers have shown that they will not pay any premium for these large EVs," Farley said in an earnings call.
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Ford plans extended-range powertrains for large SUVs, pickups
Ford CEO Jim Farley has revealed that the automaker is developing extended-range powertrains for its large electric SUVs and ...
Ford goes protectionist as EV losses top $5B
Ford CEO Jim Farley has a question about President Donald Trump's threatened tariffs on imports from Mexico, Canada, and ...
Ford’s EV losses hit billions in 2024, is the worst yet to come?
Ford managed to beat Wall Street’s expectations for the fourth quarter of 2024, posting $48.2 billion in revenue, up $2.2 ...
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Jim Farley Realistic About EV Towing Capabilities
During a recent earnings call with investors, Ford CEO Jim Farley was blunt about the suitability of electric vehicles for ...