Jim Farley, the CEO of Ford, said the Trump administration's tariffs will hurt the auto industry. Trump's tariffs on Mexico and Canada "would be devastating" for Ford, said Farley.
Ford CEO Jim Farley said at an analyst conference that while President Trump wants to help automakers, his Canada and Mexico tariffs could "blow a hole" in the U.S. auto industry.
The executive, Jim Farley, said President Trump's tariff and auto policies would raise costs and could force the automaker to cut jobs.
Ford Motor Company (F) Wolfe Research Auto, Auto Tech and Semiconductor Conference (Transcript)
Ford Motor has been named as a Top 10 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, F shares displayed both attractive valuation metrics and strong profitability metrics.
President Donald Trump's tariffs and threats are causing "chaos" for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. Farley described announced 25% tariffs on steel and aluminum as well as threatened levies on Mexico and Canada as adding "a lot of cost and a lot of chaos" to the industry.
Ford Motor CEO Jim Farley said U.S. President Donald Trump's proposed and implemented tariffs have added "a lot of cost and a lot of chaos," although Farley said he believes the president aims to strengthen the American auto industry overall.
Ford's shares dropped 7% on Thursday due to high expected EV losses in FY 2025. Ford's Q4'24 earnings also highlighted a $1.4B loss in EV operations, overshadowing strong performance in other divisions. The automaker's guidance for FY 2025 implies up to $5.5B in EV losses this year, contributing to an expected Y/Y drop-off in free cash flow.
Wall Street analysts are turning bearish on F, with consensus EPS estimates for 2025 and 2026 declining in the past week.
Recently, Zacks.com users have been paying close attention to Ford Motor (F). This makes it worthwhile to examine what the stock has in store.
Ford revealed in its latest earnings report that its Model e electric vehicle division is expected to see losses above $5 billion in 2025, similar to last year.
Tesla (TSLA) is "about autonomous driving going forward," according to CFRA's Garrett Nelson. He expects the company's future ambitions will overshadow EV prospects as sales slide in China.