Ford goes protection with EV losses above $ 5 billion

Ford Jim Farley CEO has a question about President Donald Trump’s tariff for imports from Mexico, Canada and China: Why do you stop there?

Farley said in a phone call on Wednesday that Trump’s selective approach is “meaningless.”

“Why do we conduct this conversation while Hyundai-Kia imports 600,000 units in the United States without a gradual tariff? And why is Toyota able to import half a million cars in the United States without a gradual tariff?” Farley asked. “If we have a tariff policy that lasts for a month, or whatever it will be, it is better to be comprehensive for our industry. We can not only choose one place or another, because this is a reward for our import competitors.”

In a statement, Ford Ean Thebodo spokesman said that Farley was not calling for more customs tariffs.

“He was explaining that what is currently present on the table would negatively affect some international auto manufacturers that import parts or vehicles from North America,” said Thibodo. “While companies from Korea, Japan and Germany will be able to continue to import vehicles to the United States without a similar penalty.”

Farley’s most protected thinking comes in a difficult time for Ford.

The company announced on Wednesday that it lost more than $ 5 billion in EV in 2024. Cybertruck was last year last year. The company is developing a low -cost EV platform that can operate a number of vehicles, but it is still years away. While the company beat Wall Street for 2024, it expected a harsh year.

Meanwhile, Ford confirmed that it is looking to expand the provision of “extended” hybrid transmission engines (electric cars mainly with a gas generator on board) to beat buyers who do not want to go to battery power.

But first, it must move in the chaos created by the Trump administration.

Farley warned that the proposed definitions of 25 % on imports from Mexico and Canada will cause “high prices” to customers.

If this customs tariff was implemented and continued – which is “if”, given that Trump has already charged the deadline for its implementation for a month – Farley said he would have “a devastating effect.”

However, Farley said he believed the administration “is committed to reinforcement, not weakening the auto industry in our nation.”

“They understand and appreciate how important it is to make jobs and economics, our national security and societies throughout our country,” said Farley.