Overview

• Ford has suspended its 2025 financial guidance, estimating a $1.5 billion impact from President Trump's 25% tariffs on imported vehicles and parts.
• Cummins also withdrew its 2025 outlook, citing growing economic uncertainty, after reporting a sharp decline in Q1 net income to $824 million from $2 billion a year earlier.
• Ford's Q1 adjusted earnings per share fell to $0.14 from $0.49, with revenue down 5% year-over-year to $40.7 billion, though both exceeded analyst expectations.
• Both companies are implementing cost-mitigation strategies, with Ford projecting U.S. car prices to rise modestly by 1–1.5% in the second half of 2025.
• General Motors and other automakers have also adjusted or withdrawn forecasts, highlighting industrywide challenges from tariffs and related economic uncertainty.