Ford Motor Co. has announced a price increase on three of its models produced in Mexico in response to imposed tariffs.
Price Increase on Ford Models
Ford will increase prices on the Mustang Mach-E, Maverick, and Bronco Sport by up to $2,000 in response to changes in the import of vehicles from Mexico. This decision is tied to new tariffs implemented by the U.S. government.
Financial Implications of Tariffs for Ford and GM
The tariffs proposed by President Donald Trump could increase Ford's costs by $2.5 billion by 2025. However, the company expects to offset about $1 billion of these expenses. General Motors anticipates even greater financial pressures, estimating an increase in costs between $4 billion and $5 billion due to the new tariffs.
Ford's Stock Market and Analyst Recommendations
In light of the tariff situation, Ford's stock has shown fluctuations. On May 7, 2025, it opened at $10.46 but fell to $10.285 by midday. Analysts recommend a 'Hold' on Ford's stock, with a target price of $10.12833.
The automotive industry is facing challenges due to imposed tariffs, leading companies to reassess their strategies to mitigate potential losses.
