Ford boss warns: Customs policy could cost millions of jobs in the US auto industry!

Ford boss warns: Customs policy could cost millions of jobs in the US auto industry!

The Ford Motor Company faces significant challenges, as CEO Jim Farley emphasized in a current statement. He warns the white house of the consequences of long-term punitive tariffs of 25 percent of deliveries from Mexico and Canada, which would heavily burden the US auto industry. These tariffs could cost American manufacturers billions of dollars in profits and thus endanger numerous jobs in the United States. According to a report by Krone, the competition from South Korea and Japan, such as Hyundai, Kia and Toyota, could handle tariffs and continue to import vehicles into the USA without additional loads.

Ford struggles with electric car losses

Despite a quarterly profit of $ 1.8 billion, which was achieved by strong sales by combustion engines and commercial vehicles, the situation in the electric car segment remains tense. Ford listed operational losses of almost $ 1.4 billion with electric vehicles, which represents a decrease of $ 180 million compared to the previous year. Farley puts great hopes for newly developed electric models that are to be launched "in a few years" to compensate for the deficits. This trend is also confirmed in a report by FOCUS, which addresses the financial difficulties and the need for restructuring within the company.

The reactions of investors are sobering: the Ford share occasionally fell by more than five percent in the post-exchangeable trade, which pressed the current IPO to just under $ 38 billion-almost two billion less than before the quarterly number was announced. In addition, a decline in adjusted operational profit is forecast to $ 7 to $ 8.5 billion for the current financial year after $ 10.2 billion was expected in 2024. The high complexity of the current market situation forces Ford to reposition itself and set the course for a sustainable future, while the company focuses on the high-deficit electric car businesses.

For more details on Fords, Visit financial challenges Krone or FOCUS .