The Dearborn, Michigan-based automaker forecast adjusted earnings before interest and taxes this year will fall by as much as 36%. That’s in large part due to a net tariff impact of $2 billion, about $500 million more than the company expected previously.
WATCH: Ford CEO Jim Farley discusses tariffs, earnings, electric vehicles and expanding the hybrid lineup. Source: Bloomberg
It’s the latest sign that automakers are being whipsawed by Trump’s policies. US tariffs on imported vehicles, ...