Ford, a leading automotive company, faced a substantial 65% decline in first-quarter profits in India, with a reported $471 million, even though it surpassed analyst predictions. The revenue also took a hit, dropping by five percent to $40.7 billion. The company’s decision to retract its 2025 forecast was influenced by uncertainties surrounding tariffs, with an estimated annual earnings loss of $1.5 billion. The automotive industry in India is closely monitoring Ford’s financial performance as it navigates through these challenging times.
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Ford’s Q1 profits plummet by 65%, revenue down 5%, withdraws 2025 forecast due to tariff concerns.
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