Ford Faces $5 Billion Loss in Electric Vehicle Sector, Turns to Protectionism
Ford CEO Jim Farley has expressed notable concerns regarding the potential impact of proposed tariffs on the automotive industry. During Ford’s Q4 2024 conference call, Farley stated that the 25% proposed tariffs for imports from Mexico and Canada would have severe consequences. He warned that these tariffs would “delete billions of dollars” from industry profits, … Read more