Lates News

On May 5, local time, Ford Motor Company stated that it expects President Trump's tariff policy to result in a $1.5 billion loss in profits for the company this year. On that day, Ford also withdrew its 2025 performance expectations released three months ago citing uncertainty caused by tariffs. Ford stated that the supply chain disruption caused by tariffs could lead to interruptions in the entire automotive industry's production. The company also pointed out that tariff increases, changes in tariff implementation, and retaliatory measures that other countries may take also pose additional threats. The company stated that these are all significant industry risks that could have a major impact on financial performance. In addition, Ford announced that its net income for the first quarter decreased by 64% from the same period last year to $471 million, with adjusted operating income down to $1 billion. Previously, Ford had predicted that operating profit for 2025 would be between $7 billion and $8.5 billion. (CCTV News)