Tue, 10 Feb 2026

Tue, 10 Feb 2026 Ford says it took an extra $900m tariff hit last year

The US carmaker's tariff costs were higher than expected because of a change to the Trump administration's tariff relief program.

* Ford's tariff costs were $900m higher than expected last year due to a change in the Trump administration's tariff relief program.
* The company spent double its expected amount on tariffs, approximately $2bn, as a result of the "unexpected and late year change" in tariff credits for auto parts.
* Ford had previously disclosed a $19.5bn hit from shifting away from electric vehicle plans.
* The company's fourth-quarter net loss was $11.1bn.
* Despite these losses, Ford reported quarterly revenue that beat analysts' expectations.
* Executives forecast an uptick in profit this year and predicted a reduction in losses in its EV business.
* The carmaker's shares rose slightly in after-hours trading in the US.
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