Tariff Quote Watch: Ford Carries a Tariff Burden That Could Grow Heavier — Panjiva
Más

Panjiva_research_logo

Tariff Quote Watch: Ford Carries a Tariff Burden That Could Grow Heavier

China 1758 Cons. Discr. - Autos 661 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Ford Motor’s 2018 pre-tax profits were 23.8% lower than analysts’ expectations. They included $750 million of increased costs that CFO Robert Shanks blamed on tariff-related expenses. A clear path to offsetting those costs isn’t clear, but at 12.8% of consensus 2019 pre-tax profits they will remain a significant challenge. Price rises is one route to follow, another is to switch sourcing. That may be underway already. Ford’s U.S. seaborne imports from China fell 49.5% year over year in 4Q while its shipments from Mexico rose 0.5%. A bigger challenge may come from the section 232 re...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.