Ford says it will build ‘breakthrough’ EVs in the US - Tesla - Electrek

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Ford (F) reported Q2 2025 earnings on Wednesday, beating top and bottom line expectations. Despite the revenue growth, Ford is warning profits will take a hit thanks to Trump's tariffs. We will also learn about Ford's plans to build "breakthrough" EVs in the US very soon. Ford Q2 2025 earnings preview After suspending full-year guidance in May, Ford warned that it expected to take a $2.5 billion hit from Trump's auto tariffs. Given that Ford builds more vehicles in the US than any major automaker, outside of Tesla, it's expected to see less of an impact from the 25% tariff on imports. Ford imports just about 21% of the vehicles it sells in the US. In comparison, crosstown rival GM imports around 46%. GM announced last week that the tariffs cost it an extra $1.1 billion in the second quarter. For the full year, GM still expects a $4 billion to $5 billion impact. Unlike GM, Ford breaks down earnings into three units, including Model e, its electric vehicle business. Ford's Model e posted a nearly $1 billion loss in the first quarter, but new EVs rolling out in Europe boosted revenue. Although Ford's vehicle sales rose 14% to over 612,000 in Q2, EV sales dropped 31% to just 16,438.

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