business / news / / Reuters
A U.S. Supreme Court ruling in February that struck down some of the Trump administration's tariffs provided $1.3 billion in relief to Ford.
Ford gained a $1.3 billion tariff refund after a Supreme Court ruling on Trump-era tariffs.
KEY POINTS
- Ford's net tariff costs for 2024 will be $1 billion, driven by higher raw material expenses.
- Novelis fires in 2025 caused significant aluminum supply disruption, affecting F-150 production.
- F-150 inventory dropped 38% in April, with F-Series production down 12% year-over-year.
- Ford's first-quarter adjusted earnings per share hit 66 cents, beating analysts' 19 cent estimate.
COMPANIES
Summarized by Newsio from Reuters. How we summarize →