Ford Motor Company has announced a price increase on three of its Mexico-produced models, including the Mustang Mach-E, Maverick, and Bronco Sport, effective May 2. This decision comes in light of President Trump's tariffs, which the company states will add approximately $2.5 billion in costs for 2025, though they aim to mitigate this burden by around $1 billion. The automaker clarifies that the price hikes are standard mid-year adjustments combined with tariff-related costs, and emphasizes they have not fully transferred these costs to customers. The broader auto industry is likewise facing significant price pressures due to trade policies.
Ford's price hike on its Mexico-produced models is a direct response to tariffs, increasing vehicle costs by up to $2,000 due to trade war effects.
Despite rising prices, Ford has not passed on the full burden of tariffs to customers, indicating a strategic approach to manage costs amid uncertainty.
Collection
[
|
...
]