Trump's Auto Tariffs Prompt Ford To Increase Prices of Mexico-Built Vehicles

Trump's auto tariffs have forced the second-largest automaker of the Detroit Big Three to raise prices on three models that Ford produces in Mexico. As per a dealer memo, the hikes in question top 2,000 bucks. Ford has also tossed out its fiscal guidance for the remainder of the year. Due to said tariffs on imported vehicles, the Dearborn-based automaker is bracing for additional cost burdens totaling $2.5 billion. According to Reute... (continue reading...)