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.
Proposed 25% U.S. tariffs on Canada and Mexico could lead to a sharp increase in vehicle prices, auto industry executives and analysts say.
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 ...
Canadians can now take advantage of the recently extended Ford Power Promise promotion, which includes a free home charger ...
Ford warned that profit may fall by $2 billion or more in 2025 on lower vehicle prices and costly new-model launches, adding ...
The Dearborn automaker expects an adjusted operating income of $7 billion to $8.5 billion, down from the $10.2 billion it ...
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Ontario NDP pledges grocery rebate as PC leader Ford touts border security measuresOntario Progressive Conservative Leader Doug Ford touted his party's border security measures amid the threat of U.S. tariffs ...
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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