Latest news with #F-150Raptor
Yahoo
21-05-2025
- Automotive
- Yahoo
General Motors Ceases Vehicle Exports to China From the United States
General Motors Company GM last week informed its employees and dealers involved in its China export operations that it will no longer ship vehicles from the United States to China. This decision comes amid ongoing trade and tariff negotiations between the United States and had been exporting vehicles to China through its premium import brand, The Durant Guild, which accounted for less than 0.1% of its total sales in the country, per a company spokesperson. Due to major shifts in economic conditions, GM has decided to restructure the Durant Guild and streamline its operations in China. Previously, U.S.-made goods imported into China were subject to tariffs exceeding 100%, though these were temporarily reduced as part of a 90-day agreement between the two the first quarter of 2025, General Motors and its joint ventures delivered more than 442,000 vehicles in China, marking year-over-year sales growth and the third straight quarter of increasing market share. Sales of new energy vehicles (NEVs), which include both battery electric vehicles and plug-in hybrids, jumped 53.2% compared to the same period last year. GM, which already offers the most extensive NEV lineup among global automakers in China, plans to expand its portfolio further in 2025 by introducing extended-range electric vehicles, ensuring at least one NEV option for every new locally launched model. GM carries a Zacks Rank #5 (Strong Sell) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks April, GM's rival, Ford Motor Company F, paused shipments of several U.S.-built vehicles, including the F-150 Raptor, Mustang, Bronco and Lincoln Navigator, to China due to retaliatory tariffs that pushed import taxes as high as 150%. Ford is considered one of the automakers most capable of handling tariffs, as roughly 80% of the vehicles it sells in the United States are built domestically. However, Ford may still increase prices on new vehicles if tariff woes month, Tesla, Inc. TSLA also halted new orders for its Model S and Model X on its Chinese website after China increased tariffs on U.S. imports. New orders for both Tesla models were also no longer accessible through the automaker's WeChat mini program in China. Rising competition from BYD and other domestic manufacturers has also hurt Tesla's sales in China. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
22-04-2025
- Automotive
- Yahoo
Ford Suspends Shipments of Vehicles to China Amid US-China Trade War
Ford Motor Company F has suspended shipments of several of its flagship vehicles to China due to rising challenges linked to the ongoing U.S.-China trade conflict and increased retaliatory tariffs on American-manufactured cars. The company has confirmed that the current trade climate has disrupted its export plans, prompting it to scale back shipments from the United States to China. Affected models include the F-150 Raptor pickup, Mustang sports car, Michigan-made Bronco SUV and the Kentucky-built Lincoln Navigator. Despite the vehicle shipment suspension, Ford will continue sending U.S.-manufactured engines and transmissions to China. The Lincoln Nautilus, produced locally in China, won't be impacted operationally, though it still faces financial strain from the elevated tariffs. Per The Wall Street Journal, Chinese tariffs in response to U.S. import taxes have reached up to 150% on some vehicles. Ford shipped around 5,500 Broncos, F-150s, Mustangs and Navigators to China last year, far below its historical average of more than 20,000 vehicles wider automotive industry is also feeling the impact of these tariffs. The Centre for Automotive Research estimates that a 25% tariff on U.S. auto exports could result in up to $108 billion in additional costs for automakers by the end of 2025. An internal Ford memo suggests the company may consider adjusting new vehicle prices in the United States if trade tensions persist. While roughly 80% of Ford's U.S.-sold vehicles are made domestically, providing some protection, continued tariff pressure could ultimately affect its bottom line. Automakers are also dealing with import tariffs of at least 25% on steel and aluminium. Ford has already been struggling with stiff competition, pricing pressure and significant costs associated with new-generation EV development. After having incurred losses of $4.7 billion in its EV business in 2023, Ford's loss from Model e widened to $5.07 billion in 2024. Discouragingly, the company expects segmental loss in the range of $5-$5.5 billion in 2025. The automaker's full-year adjusted EBIT is forecasted between $7 billion and $8.5 billion compared with $10.2 billion in 2024. Notably, F's weak guidance doesn't even take into account any changes in policies from the Trump administration. These tariffs are expected to increase raw material costs and finally translate to a high cost of vehicles, thereby derailing demand and affecting the sales and profits of Ford. In China, Tesla, Inc. TSLA recently halted sales of its U.S.-manufactured Model S and Model X vehicles due to steep tariffs on American imports. China is TSLA's second-largest market after the United States and its high import tariffs on U.S.-manufactured vehicles have made these models too costly to sell. If the tariff remains high, Tesla could experience a permanent drop in sales of Model S and Model Automotive, Inc. RIVN is also feeling the strain from Trump's auto tariffs. Despite its U.S.-focused supply chain, it still relies on global components. China's export limits on rare-earth materials, which are critical for EV batteries and motors, have further complicated Rivian's operations, driving up costs and threatening production. Ford shares have lost 25.2% in the past year, underperforming the Zacks Auto, Tires and Trucks sector's decline of 4.6% and the Zacks Automotive - Domestic industry's growth of 13%. Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for F's 2025 sales and earnings indicates a year-over-year decline of 4.92% and 29.89%, respectively. The Zacks Consensus Estimate for its earnings has moved down over the past seven days. Image Source: Zacks Investment ResearchF stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
21-04-2025
- Automotive
- Yahoo
Ford suspends exports of several vehicles to China amid tariffs
US-based Ford Motor has ceased the exports of several vehicle models to China in response to the retaliatory trade tariffs imposed by China, which have reached 150%, reported the Wall Street Journal. The suspension affects exports of the F-150 Raptor pickup truck, Mustang sports car, Bronco SUV, and Lincoln Navigator, which are manufactured in Michigan and Kentucky. The latest move comes after China implemented countermeasures to US import taxes, pushing tariffs on these vehicles as high as 150%. A Ford spokesperson was cited by the newspaper as saying: 'We have adjusted exports from the US to China in light of the current tariffs.' Last year, Ford exported approximately 5,500 units of the affected models to the Chinese market, a decline from an average of over 20,000 units annually in previous years. Despite the halt in vehicle exports, Ford continues to ship US-built engines and transmissions to China. The company is also maintaining imports of the Lincoln Nautilus from China to the US. Ford and other manufacturers have also seen declining sales in China, partly due to the growing dominance of domestic Chinese car brands. Ford's sales in China dropped to around 400,000 vehicles last year, compared to approximately 1.3 million in 2016. Ford vice-chairman John Lawler was cited by the news agency as saying that the company's operations in China generated an operating profit of about $900m last year. The company expects to increase the prices of its new vehicles if the tariffs remain in place, as suggested by an internal memo sent to dealers and seen by Reuters. Earlier this week, Trump hinted at the possibility of modifying the auto-related tariffs, suggesting that exemptions on current levies might be considered. Last month, Ford unveiled plans to invest up to €4.4bn ($4.8bn) into its German subsidiary, Ford-Werke, to revitalise and increase the competitiveness of its business. "Ford suspends exports of several vehicles to China amid tariffs – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Al Arabiya
19-04-2025
- Automotive
- Al Arabiya
Ford ‘adjusts' some exports to China due to tariffs
Citing the US-China trade conflict, Ford said Friday it has 'adjusted' its exports to the country, where the US auto giant operates manufacturing jointly with local partners. 'We have adjusted exports from the US to China in light of the current tariffs,' Ford told AFP without specifying the models affected. The US auto giant halted Michigan-made shipments of the F-150 Raptor, Mustang and Bronco sport utility vehicles, according to a Wall Street Journal report Friday. Also affected was the Lincoln Navigator, which is built in Kentucky, the newspaper said. Over the last decade, Ford has sold around 240,000 vehicles in China exported from the United States. But volumes fell sharply in 2024 to around 5,500. The move is the latest ripple effect from an escalating trade war between Beijing and Washington. Despite pulling back on many other tariffs, President Donald Trump has stuck firm to US duties on Chinese goods and raised them to 145 percent. In turn, China has increased tariffs on US exports, including cars, to 125 percent. Overall, Ford sold 442,000 vehicles -- made in the United States and elsewhere -- in China in 2024, comprising 1.6 percent of the market, according to the carmaker's latest annual report. The US company operates a number of manufacturing joint ventures in China with Chinese companies, producing vehicles under both the Ford and Lincoln brands. Some of Ford's production in China is exported to other markets. One of these vehicles, the Lincoln Nautilus, is now subject to hefty US tariffs, according to the Wall Street Journal. Ford's Chinese ventures resulted in 2024 operating profits of around $900 million, Ford Vice Chairman John Lawler said this week at a financial conference.
USA Today
19-04-2025
- Automotive
- USA Today
Ford stops shipping Michigan-built vehicles to China due to soaring tariffs
Ford stops shipping Michigan-built vehicles to China due to soaring tariffs Show Caption Hide Caption Pony power: The iconic history of the Ford Mustang Explore the legendary journey of the Ford Mustang, from its groundbreaking debut in 1964 to its status as an enduring symbol of American automotive excellence. In its trade war with Donald Trump, China has slapped on tariffs as high as 150% on imports. The affected vehicles include the F-150 Raptor, Mustang, Bronco and Lincoln Navigator. Ford continues to export the China-made Lincoln Nautilus to the U.S. and some engines and transmissions to China. Ford Motor Co. has stopped shipping several expensive trucks and sports cars made in Michigan and Kentucky to China as tariffs have shot up as a result of the trade war between China and President Donald Trump. The move was confirmed April 18 to the Detroit Free Press by two people familiar with the situation. The people, who asked to not be named because they are not authorized to share the information publicly, said the vehicles Ford has stopped shipping to China this week are: F-150 Raptor pickups, Mustang sports cars and Bronco SUVs built in Michigan, as well as Lincoln Navigators made in Kentucky. Trump has set tariffs on China that now exceed 145%. In reaction, China has pushed tariffs on imported vehicles as high as 150%, sources said. Ford sells the F-150 Raptor for close to $100,000 in China, so it would be paying a hefty tax to bring it across the border. Global automotive industry: Ford vice chair warns that advanced Chinese automakers threaten US industry This news was first reported by the Wall Street Journal, but Ford spokeswoman Jess Enoch declined to comment on specific export changes. In an email to the Free Press, Enoch did say, 'We have adjusted exports from the U.S. to China in light of the current tariffs.' Enoch told the Free Press that Ford continues to ship the Lincoln Nautilus, which is made in China, to the United States. The sources also said that Ford is still shipping two engines it makes in Lima, Ohio, to China: One is its 2.7-liter engine and the other is the 3.0-liter engine used in vehicles made in China. The Dearborn-based automaker also continues to ship to China a 10-speed transmission made in Livonia and an 8-speed transmission it makes at Van Dyke Transmission in Sterling Heights. Ford's exports to China, which started about a decade ago, compose a small but lucrative part of the business. Ford's China business made $900 million in earnings before interest and taxes last year, a figure that includes exported vehicles, John Lawler, Ford Motor Co.'s vice chair, said earlier this week. According to the Journal, Ford last year shipped about 5,500 Broncos, F-150s, Mustangs and Navigators to China. That is below the annual average of more than 20,000 vehicle exports to China over the past decade. Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.
