Ford goes protectionist as EV losses top $5B

Ford CEO Jim Forle is a question about President Donald Trump’s threat on import from Mexico, Canada and China: Why stop there?

Ferry called at a conference on Wednesday that Trump’s election system was “not understood.”

“Hyundai-Kia is importing 600,5 units without any increased tariffs in the United States Why are we doing this conversation? And why is Toyota capable of importing one and a half million vehicles without any increased tariffs in the United States? “Forle interrogated.” If we are taking any tariff policy permanent for a month, or whatever it is going to be, the years – it is better for our art. We can’t just choose a place or another place for cherry because it is ours A Bonanja for import competitors ””

In a statement, Ford spokesman Ian Thibodou said, “Ferley” is not calling for more tariffs. ”

“He was explaining that what is currently on the table will only affect some global automaker negatively that imports part or vehicle from North America,” says Thibodow. “It will be able to continue importing vehicles to the United States without the same kind of fine from Korea, Japan and Germany.”

Ferley’s more protective thinking comes to a complex time for Ford.

The company announced on Wednesday that it lost more than $ 1 billion in its EV program in 2021. Its electric pickup truck, F -1550 thunderbolt was outsolded last year by cybertrack. The agency is developing low -cost EV platform It may give strength to a number of vehiclesHowever, it is still a few years away. And when the company defeated Wall Street expectations for 2024, it predicted a rugar year in front.

In the meantime, Ford has confirmed that it is seeking to expand the “extended range” hybrid PowerTrane (with a gas generator on the board) to expand the supply of “extended” to win on the battery power.

First of all, it has to navigate the chaos built by the Trump administration.

Farale warned that the profit of the “billions of dollars” industry would be “wiped” due to the 25% tariffs proposed to import from Mexico and Canada, the auto sector would adversely impact “US jobs”, and would mean “higher prices for customers”.

If these tariffs are implemented and sustainable – Trump has already considered the deadline for implementing their one -month implementation – if a big “if” – Ferley said they would have a “devastating effect”.

And nevertheless, Ferley said that he believes that the administration is committed to strengthening our country’s auto industry. ”

“They understand and appreciate how important they are in our art, economy, national protection and our country.” Ferley said.