Ford is attempting to sort out its product and sales strategy in the wake of the Trump adminstration’s tariffs. On an earnings call for investors today, company CFO Sherry House said tariffs cost the company around $200 million in the first quarter of the year, with income plunging 63 percent during the same timeframe. Tariffs weren’t completely to blame, however; model-year changeovers for the Ford Expedition and Lincoln Navigator caused significant downtime for some of the company’s plants, and both fleet and retail sales were a bit lower year-over-year as well.
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