Ford sees US$1.5 billion tariff hit this year, suspends 2025 forecast

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NEW YORK: Ford reported a 65 per cent drop in first-quarter profits Monday (May 5), citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.

The carmaker estimated a full-year net hit of about US$1.

Profits fell in Ford's "Pro" division, which is geared toward fleet and sales to businesses, and in its "Blue" division, which consists of conventional internal combustion engine cars.

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Category: EconomyBusiness

Markets: SingaporeCanadaChinaMexico

Topics: Auto Parts Sales Cent Company Ford Tariffs Us$1 Billion Supply House

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 07:24:37 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28420395

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Main Topics: EconomyBusiness

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