(Oliver Berg/Getty Images)

Ford slips as tariffs take an $800 million bite out of its earnings

Ford announced its second-quarter earnings results after the bell on Wednesday.

7/30/25 3:33PM

Despite being more shielded from tariffs than many of its rivals, with 82% of its North American vehicles built in the US, Ford says levies have cost it $800 million so far this year.

The Detroit automaker detailed the tariff-related impact in its second-quarter earnings report, released after the market closed on Wednesday. Though Ford’s seen benefits from tariff panic buying and its four-month-long employee pricing discounts, the charges are still a hit to profits. Earlier this year, Ford estimated a $1.5 billion full-year tariff impact for 2025.

On Wednesday, it upwardly revised that to “about $2 billion.”

Ford posted adjusted earnings of $0.37 per share, beating the $0.33 per share analysts polled by FactSet expected. The automaker reported a net loss of $36 million on the quarter related to one-time charges (largely attributed to the cancellation of an electric SUV). Wall Streeted expected a $1.25 billion profit.

Ford’s shares were down about 2% in after-hours trading.

Sales came in at $50.2 billion, nearly 10% better than the $45.79 billion analysts were anticipating and up 5% from last year. Earlier this month, Ford said its second-quarter unit sales had risen 14% compared to last year.

Looking ahead, Ford expects full-year earnings before interest and taxes of between $6.5 billion and $7.5 billion. The automaker previously pulled its annual outlook amid tariff uncertainty. In February, Ford had projected full-year earnings before interest and taxes of between $7 billion and $8.5 billion, though those figures did not account for sector tariffs on vehicles or auto parts.

The automaker has been issuing recalls at a level bordering on legendary this year. Through June alone, Ford issued 88 safety recalls, more than the full-year total for any other automaker, ever.

Ford’s EV losses continued to pile up, with its Model e segment losing $1.33 billion on the quarter, 15% more than last year. The division has lost $2.18 billion through the first half of this year.

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Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

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Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

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Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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