German FAZ: Ford calculates with billions of billions by Trump’s Zölle009310

The US car company Ford expects a billion dollar pollution from President Donald Trump’s import duties. The taxes on vehicles and auto parts introduced to the USA are likely to press the adjusted operational profit this year by around $ 1.5 billion, as Ford announced. With reference to the uncertainty about further development, the group no longer dares for forecasts. Trump had imposed tariffs from 25 percent on imported cars and components. At the same time, there are some exceptions in accordance with trade agreements with Mexico and Canada as well as a transition phase with easier for companies with production in the USA. US carmakers had warned of negative consequences of tariffs for months. Industry observers also expect price increases, and the Zölle Ford will probably cost $ 2.5 billion, as CFO Sherry House said. But the group assumes that they can compensate for about one billion of them with various measures. Both are “huge numbers,” complained Ford boss Jim Farley. Weniger turnover and profit ford is now looking for quick paths to expand supplies from the USA. The group also fears disorders in the global supply chains due to the consequences of the tariffs. In this situation, Ford picked up a discount campaign and was able to win market shares. In the past quarter, sales dropped by five percent to $ 40.7 billion in the year. The bottom line was that the profit dropped to $ 471 million from $ 1.33 billion a year ago. More on the subject of triggers, the slump in the operational profit of the burner division of $ 901 million was now $ 96 million a year earlier. Ford referred to an expected decline in the number of quantities and less favorable exchange rates. According to Ford, this went back to a scheduled production stop. In electric cars, Ford reduced the operational loss to $ 849 million from a good $ 1.3 billion a year ago.
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