The American manufacturer Ford He announced on Monday in a statement his results for the first quarter, better than expected, but suspended his annual forecasts due to uncertainty for US tariffs to the automotive industry.
The impact of these Customs measures It should cut about 1.5 billion dollars of its operating benefit in 2025, the firm said. In 2024 that parameter reached 10.2 billion dollars.
“Our teams have done a lot to minimize the impact of tariffs,” Sherry House, financial director, told the press, specifying that the net impact on the first quarter was 200 million dollars.
For example, he explained, 35% of the vehicles that cross the United States to go from Mexico to Canada now use an alternative device that allows avoiding US tariffs.
The government of Donald Trump It established 25% of tariffs on imports of new vehicles and, since May 3, on the pieces that component and their spare parts.
Exemptions are planned, especially for certain products manufactured in Mexico and Canada, countries with which the United States has a free trade agreement (T-MEC).
“Due to uncertainties related to tariffs, the company suspends its financial forecasts,” said the executive.
Between January and March 2025, Ford registered a turnover of 40,660 million dollars (-5% year-on-year) and a net gain of 471 million dollars (-65%).
The consensus of FACTSET analysts respectively anticipated 38,020 million and a loss of 90 million. Reported by action and excluding exceptional elements -the value preferred by the markets -, the net profit is 14 cents, compared to 49 cents a year earlier. Analysts expected a loss of two cents.
In electronic exchanges after the closure of the New York Stock Exchange, Ford’s action fell 2.11 percent.
