Ford CEO Slams Trump’s Unfair Tariffs That Benefit Foreign Brands
While speaking on Ford’s fourth-quarter earnings call, Farley noted that brands like Toyota and Hyundai can import hundreds of thousands of vehicles from Japan and South Korea without any new tariffs. According to Farley, “we can’t just cherry-pick one place or the other because this is a bonanza for our import competitors.”
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, with the potential for billions in profits to be wiped out.
Ford's CEO Finally Says The Quiet Part Loud About Tariffs
Ford CEO Jim Farley didn't mince words during the company's latest financial call on Wednesday. The Blue Oval's brand chief made it clear: if U.S. President Donald Trump enacts 25% tariffs on imports from Canada and Mexico, new car buyers will be the ones who end up footing Ford's higher bills.
American automakers have relied on labor from neighbors to the north and south since the early days of auto production in ...
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a ...
Proposed 25% U.S. tariffs on Canada and Mexico could lead to a sharp increase in vehicle prices, auto industry executives and analysts say.
In the hours before Canadian Prime Minister Justin Trudeau announced a 30-day pause on US President Donald Trump’s threatened ...
Ontario Progressive Conservative Leader Doug Ford touted his party's border security measures amid the threat of U.S. tariffs ...
Ford’s boss said you “can’t just cherry-pick” one place as it creates a bonanza for competitors. Key Ford models like the ...
Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose ...
PC Party Leader Doug Ford says he's committed to build a tunnel under Highway 401 if re-elected. But as CBC’s Shawn Jeffords ...
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