Ford warns of $2.5B hit from Trump tariffs, suspends annual earning forecast
1. Ford suspended annual guidance due to uncertainties from tariffs impacting earnings. 2. Projected $1.5 billion loss from tariffs includes imports from Mexico and China. 3. Ford's first-quarter revenue of $40.7 billion exceeded expectations despite a 5% drop. 4. Electric vehicle losses projected at $5.5 billion this year, compounding financial challenges. 5. Investor preference for Ford over GM noted due to higher US production percentage.