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F-FORD MOTOR CO

Ford CEO Jim Farley Warns Trump's Tariffs Could Devastate U.S. Auto Industry and Increase Vehicle Prices

Saturday

15 February, 2025

As Ford navigates a turbulent economic landscape, CEO Jim Farley warns that proposed tariffs could lead to a staggering $3,000 increase in vehicle prices and threaten American jobs. Can the U.S. auto industry withstand the pressure of these policy changes while striving for innovation and growth?

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Key Takeaways
  • Proposed tariffs on imports from Canada and Mexico could significantly raise vehicle prices, affecting consumer demand.
  • CEO Jim Farley highlights potential job losses in the U.S. due to increased costs.
  • Ford's stock has declined by 7.5%, reflecting investor worries about future financial performance.
  • The company's dependence on foreign materials, particularly specialty steel, may hinder competitiveness against foreign manufacturers.
  • Overall, tariff risks and a bleak financial forecast create substantial concerns for investors.
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