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Ford Raises Prices on Mexican-Built Models Due to Trump Tariffs

The automaker cites a 25% import tariff as it increases prices by up to $2,000 on vehicles produced after May 2, while extending discounts to soften the impact.

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The 2024 Ford Mustang Mach-E Rally's drivetrain, steering and suspension are electronically tuned for rally driving on mud and other low-traction surfaces.

Overview

  • Ford has increased prices on the Mustang Mach-E, Maverick, and Bronco Sport models built in Mexico by up to $2,000, affecting vehicles produced after May 2 and arriving at dealerships in late June.
  • The company expects a $2.5 billion tariff-related cost in 2025 but plans to offset $1 billion through pricing strategies and operational adjustments.
  • Ford has extended its employee-pricing program through July 4, offering discounts to mitigate the impact of price hikes on consumers.
  • President Trump's executive order prevents overlapping tariffs and offers credits for U.S.-made auto parts, but the 25% tariff on imported vehicles remains in effect.
  • Industry analysts warn that continued tariffs could lead to a drop of over one million U.S. auto sales annually, with General Motors and Toyota also projecting significant financial losses.