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Ford withdraws 2025 forecast, Q1 profits fall by 65%, revenues fall to $40 bn
Ford experienced a significant 65% drop in first-quarter profits, reporting $471 million, despite exceeding analyst expectations. Revenue also declined by five percent to $40.7 billion. The company withdrew its 2025 forecast due to tariff uncertainties, estimating a $1.5 billion annual hit to earnings.
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