Ford and GM report big sales boosts as Trump's tariffs threaten to raise prices and hit their profits
1. Ford reported a 5% sales increase in Q1, driven by March's 19% rise. 2. Sales boosted as consumers rushed before Trump's 25% tariffs on imported vehicles. 3. Analysts warn tariffs could drastically impact automakers' profits and car prices. 4. EV sales for Ford surged 94%, despite overall sales dropping 1% this quarter. 5. Competitors like Hyundai and Toyota also experienced significant sales increases.