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Ford warned profit this year will see a sharp drop on the growing fallout from President Donald Trump’s tariffs, underscoring the policy shifts in Washington that are upending the auto industry.

Ford's cheapest EV can be had for just shy of $38,000. That’s 22% less than Americans pay for a car on average. Even with EV purchase incentives scrapped, Ford promises lower prices.

Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.

Ford's plan to make electric vehicle batteries at a new site in Michigan would be put at risk if Congress cuts federal incentives for clean energy, the company’s chair said.

A new Ford-SK factory in Kentucky, known as BlueOvalSK, has emerged as the frontrunner to build the batteries for Nissan, though a final decision hasn’t been made, one of the people said.

The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year.

Ford Motor Co. won’t increase the price of its vehicles until it sees how competing carmakers respond to higher costs imposed by President Donald Trump’s tariffs.

Ford warned that profit may fall by $2 billion or more in 2025 on lower vehicle prices and costly new-model launches, adding to risks posed by potential new tariffs and dimming demand for plug-in cars.

FRANKFURT, Germany — Ford says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing the economy and weak sales of electric cars.

U.S. auto safety regulators are probing two recent recalls by Ford Motor Co. as the carmaker struggles to contain quality lapses in its vehicles.