Ford announced that its net income declined by 86.2% in the first half of the year, to USD435 million, compared to the same period last year, pressured by Donald Trump’s tariffs, the cost of vehicle recalls, and losses in electric mobility.
Despite the sharp decline in net income, revenue increased by 0.2%, to USD90.8 billion, of which USD50.2 billion corresponds to the second quarter.
From April to June, the American automaker accumulated losses of USD36 million, compared to profits of USD1.8 billion in the same period of 2024.
Ford estimates that Trump’s tariffs caused a loss of two billion dollars in the first half, of which USD800 million occurred in the second quarter.
According to the automaker, the issue involves tariffs on steel, imported components from the European Union and Japan, and raw materials for the production of batteries for electric vehicles.
On the other hand, the recall of 694,271 Bronco Sport and Escape vehicles due to defects in the fuel injectors cost Ford USD600 million, along with an additional USD500 million lost this time in the electric division.
However, the Chief Financial Officer, Sherry House, emphasized that this was the fourth consecutive quarter in which the company improved its costs, “excluding the impact of the tariffs.”
