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Auto Blog
31-07-2025
- Automotive
- Auto Blog
Ford blames tariffs for profit slump, says Japanese automakers have an advantage
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 'It's my personal opinion that this is the best dash cam out there.' Maserati is serious about making its next flagship a manual transmission GT car with a high-powered version of its Nettuno V6, exceeding 621 horses. Is the 2025 Toyota Corolla FX more show than go? We got behind the wheel, and this is our honest review of the dark-trimmed compact sedan. View post: Why Kia's Most Popular SUV Just Got Way More Expensive Domestic Production Isn't Helping The Blue Oval Ford joined the list of automakers reporting dour financial results due to President Donald Trump's tariffs. In an earnings call Wednesday, CEO Jim Farley said the automaker was expecting a $2 billion tariff bill, and went on to claim in a separate interview that the Trump Administration's policies would benefit Ford's Japanese rivals. Automakers brace for uncertain future amid Trump's tariff pause Watch More 'Our tariffs bill is $2 billion, and that's a net number,' Farley said. The Ford CEO also said he expected automakers to adopt a regional rather than a globalized strategy going forward because of the combined effect of tariffs, the rise of electric vehicles, and new emissions regulations, Business Insider reported. The Trump Administration's rollback of EV incentives and environmental regulations will create a disparity between the U.S. and other major car markets like Europe and China. 'We are increasingly seeing Europe, North America, and Asia becoming kind of regional businesses with tariff rates that are aligned for those three or four regions,' Farley said. 'This is quite a fundamental change.' Farley Thinks Japanese Automakers Got A Better Deal Ford has claimed at that was much as 80% of its U.S. volume is domestically-assembled, but Farley still thinks the automaker is at a disadvantage compared to some foreign firms. In an interview with Bloomberg published the same day as the earnings call, he said Trump's reduced tariffs for Japan would give automakers from that country a 'meaningful' advantage. Trump recently lowered tariffs on Japanese automotive imports from 25% to 15%—the same as rates for cars assembled in the European Union going forward. Farley said lower labor costs and favorable exchange rates could mean that a Kentucky-built Ford Escape costs $5,000 more than a Toyota RAV4 assembled in Japan, while a Michigan-built Ford Bronco could be $10,000 pricier than a Toyota 4Runner, which is also built in Japan. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Farley told Bloomberg that Ford is working with the Trump Administration to 'minimize our tariff expense so that we can get more competitive,' but threatened that 'the bottom line is our plan at Ford is not to compete in those commodity segments.' Auto Industry Feels Tariff Pressure Industry analysts have raised concerns about massive tariffs since Trump first proposed them as a candidate in the 2024 presidential election, but the past few weeks have made their impact apparent. As automakers reported their first-half financial results, an evaporation of profits caused by tariff bills was a common theme. The Volkswagen Group, for example, reported that its profits were down by a third in the second quarter, from the same period a year earlier, despite increased sales. Recently-concluded trade deals with both the European Union and Japan likely won't help matters. Both drop tariffs on cars from 25% to 15%, but in the case of the EU, that's still much higher than the 2.5% tariff in place before Trump's return to the White House. About the Author Stephen Edelstein View Profile
Auto Blog
31-07-2025
- Automotive
- Auto Blog
Why Luxury Car Prices Are About to Get Brutal
'It's my personal opinion that this is the best dash cam out there.' Maserati is serious about making its next flagship a manual transmission GT car with a high-powered version of its Nettuno V6, exceeding 621 horses. Is the 2025 Toyota Corolla FX more show than go? We got behind the wheel, and this is our honest review of the dark-trimmed compact sedan. Will This Break The Ice For Bigger Brands? Porsche and Aston Martin have begun raising prices in the United States as hopes of automotive-specific carveouts in trade deals fade, Reuters reports. The price hikes come shortly after a trade deal between the U.S. and the European Union that includes a 15%-tariff on EU-made cars beginning in August—lower than Trump threatened, but much higher than the 2.5% tariff from before President Donald Trump launched his global trade war. On Wednesday, Porsche said it had raised U.S. prices by 2.3% to 3.6% in July, Reuters reported, but said it had no plans to move production to the U.S. Bringing more manufacturing to the U.S. by making imports more expensive has been a primary aim of Trump's tariff policy. Aston Martin said it had begun 'incremental' price increases in June, while issuing a profit warning based on U.S. tariffs and low demand in Asia. No Relief In Sight Source: Kyle Edward 'This is not a storm that will pass,' Porsche CEO Oliver Blume said after the automaker cut its full-year profit target and reported a $462 million hit from tariffs in the first half of 2025. 'We continue to face significant challenges around the world.' Porsche isn't alone. Hyundai, Mercedes-Benz, and Porsche's parent brand Volkswagen all reported losses, issued profit warnings, or discussed raising prices in response to Trump's tariffs, Reuters noted. Even Ford, which claims around 80% of its vehicles are assembled domestically, reported an $800 million tariff penalty in its second-quarter results. European Automakers' Hope Of Relief Fades Source: Mercedes-Benz European automakers had been hoping for tariff reductions specific to the auto industry, but the recent deal has eroded optimism, according to Reuters. Mercedes CEO Ola Källenius told analysts Wednesday that the automaker was assuming tariffs would remain at 15% for the time being. 'For all intents and purposes, that global deal for now is it,' Källenius said, adding that any side deals were 'very uncertain.' The Volkswagen Group last week, however, said it was hoping to negotiate lower U.S. tariffs based on investment commitments. About the Author Stephen Edelstein View Profile
