Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year
DEARBORN, Mich. (AP) — Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year and is withdrawing its full-year financial guidance due to the uncertainty created by the Trump administration’s evolving trade policy. Ford said Monday that its net income fell by about two-thirds in […]
Ford is preparing a major electric vehicle announcement that CEO Jim Farley calls a “Model T moment,” as reported earlier by InsideEVs. During an earnings call on Wednesday, Farley said the company will reveal plans to design and build a “breakthrough” EV, along with a new platform, at an August…
Ford says its finally cracked the code on cheap EVs. The automaker announced plans to build “a family” of low-cost electric vehicles at its Kentucky assembly planrt, starting with a four-door, midsized $30,000 pickup truck in 2027. Ford touted the announcement as its “Model T moment” that will be more…
NEW YORK (AP) — Tesla’s first-quarter profits plunged by more than two-thirds amid a backlash against Elon Musk’s electric car company that has hurt sales and sent its stock plunging. The Austin, Texas, company said Tuesday that quarterly profits fell by 70% to to $409 million, or 12 cents a…