Business

Ford Explores Expansion in US Amid Tariffs, CEO Jim Farley Announces Strategic Moves

Ford's Strategic Response to US Tariffs

In a recent earnings conference call, Ford Motor Company's CEO, Jim Farley, shared insights into the company's plans to explore new manufacturing capacities within the United States. This move comes as a direct response to the tariffs imposed by President Donald Trump on cars and vehicle parts manufactured outside the country.

Commitment to Quality and Innovation

Farley emphasized Ford's ongoing efforts to implement "rigorous" audit checks. These measures are aimed at preventing defects in Ford's products, ensuring high-quality standards are met across all productions.

Financial Performance and Future Outlook

The announcement follows Ford's report of a 5% decline in first-trimester revenue. The company has also decided to withdraw its guidance for 2025, citing "tariff-related policy developments" as a significant factor influencing this decision.