The CEO of the American automotive group Ford, Jim Farley, has warned the White House that long-term punitive tariffs of 25 percent would hit the US auto industry difficult to meet deliveries from Mexico and Canada. This will have American manufacturers billions of dollars in profits and serious consequences for jobs in the United States, Farley said after submission of quarterly figures, and production in neighboring countries has expanded in recent years. US President Donald Trump recently had additional tariffs of 25 percent on goods from Mexico and Canada-but then quickly pushed them up for 30 days. Large losses with electric carfarley argued that rivals such as Hyundai, Kia and Toyota from South Korea and Japan could introduce the United States to the United States without an additional burden. At the same time, the White House and the Congress have promised to strengthen and not weaken the US car industry, he said in the US broadcaster CNBC. The area operated by surgically red numbers of almost $ 1.4 billion (1.35 billion euros). After all, there were a good $ 180 million less than a year earlier. Farley hopes to pull the rudder around with newly developed electric models. You should come onto the market in a few years. In the previous year, there was still a loss of around $ 500 million. Sales rose by five percent to $ 48.2 billion, and the Ford share dropped by more than four percent in post-exchangeable US trade. The group predicted a decline in adjusted operational profit to $ 7 to $ 8.5 billion of $ 10.2 billion in 2024 for the current financial year. Analysts had expected more.
Go to source