Bill Ford said the whole industry was attempting to navigate the “difficulties” associated with policy changes, noting automakers operate on timelines that transcend administrations.
The verdict, which Ford will appeal, comes after Herman Mills and Debra Mills died in an Aug. 22, 2022, accident where their 2015 F-250 Super Duty rolled over and the roof crushed down on them, according a lawsuit filed in 2023.
Farley said long-term 25 percent tariffs on Canada and Mexico "would blow a hole in the U.S. industry that we have never seen."
Adjusted earnings before interest and taxes more than doubled in the quarter to $2.1 billion. UAW-represented hourly workers will receive profit-sharing checks of about $10,208.
Andrew Frick, president of the Ford Blue internal combustion business, will also head Ford Model e, a role previously held by CEO Jim Farley.
A day before Trump’s tariff deadline, auto executives and analysts hope those threats are just a bargaining chip. Asbury’s profits surge. Plus, Mike Burgiss, CMO at Polly, talks about helping car buyers with affordability issues.
Ford, Mini, Mitsubishi and Ram told dealers that lower-priced models were on the way. Chrysler, Volkswagen and Chevrolet already have address affordability concerns with less expensive products.
Starting April 1, dealers will receive an upfront credit worth 1.25 percent of sticker price on most gasoline vehicles, up from 1 percent.
Shelby American said supercharged versions of a 5.0-liter V-8 engine on the street-focused GT350 will generate up to 810 hp, while the track-focused, but still street-legal, GT350R can generate up to 830 hp.
Lincoln President Dianne Craig said the brand aims to return to the top quartile in quality and said it is becoming more proactive to spot and fix problems faster.