Ford Motor Co. reported first-quarter earnings that are lower than a year ago, reflecting some impacts from tariffs along with plant shutdowns amid vehicle launches that constrained dealer inventory.
Despite the automaker’s robust sales momentum last month as car buyers got ahead of anticipated price hikes from President Donald Trump’s autos tariffs, most of Ford’s results came in lower when compared with a year ago. Ford said tariffs impacted its adjusted earnings before interest and taxes (EBIT) by $200 million in the quarter.
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