Ford expects the impact of trade tariffs to cost it around $2 billion (£1.5bn) this year – with boss Jim Farley hinting it will adopt an increasingly regionalised approach in the future.
The warning came as Ford posted its second-quarter financial results, in which it incurred a net loss of $36m (£27m), despite record revenues for the three months of $50.2bn (£38bn).
That loss was largely down to a $1.9bn (£1.5bn) cost for the cancellation of a project to build a new large, electric seven-seater for the US market.
