Ford Warns of Price Hikes as Trump Tariff Uncertainty Lingers [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
Per a memo sent to dealers by Andrew Frick, president of Ford's gas-powered and electric car divisions, the company anticipates it will need to adjust vehicle pricing unless there's a significant shift in Trump's tariff stance. These pricing changes would apply to vehicles built in May, which won't reach U.S. dealerships until late June or early July, after Ford's current employee-pricing-for-everyone promotion ends. The prices of vehicles already in inventory will remain unchanged. This warning marks the clearest indication yet that automakers may pass on some of the increased costs tied to Trump's 25% tariffs on imported vehicles. It comes just two days after Trump mentioned that he was considering a temporary break from the tariffs to allow carmakers more time to shift production back to the United States. Trump is also expected to impose similar duties on certain imported car parts by May 3. While Ford is still working to understand the full scope of Trump's trade policies, i
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