By coinnews 
00:00 Speaker A
Ford numbers, as well just crossing the wire, Yahoo! Finance is cross from money in here with the results here.
00:05 Speaker B
Yeah, significant impacts from tariffs mean Ford suspended guidance. Prior to tariffs, Ford said it was tracking within its prior guidance of seven to eight point five billion in adjusted EBIT. But now, the company sees one and a half million in tariff impact on adjusted EBIT. And trade uncertainties make it necessary, Ford says, to pull its guidance, which we’ve seen Stelantis and others do as well. Now, for those first quarter results, Ford posted revenue of 40.7 billion, topping estimates of 36.75 billion with adjusted EPS coming in at 14 cents, better than the four cent loss expected with adjusted EBIT reaching $1 billion versus the $308 million expected. So in the after, in the after market here, we’re seeing a little bit of a little flattish trade here right now. I guess people expected this guidance pull. I expected maybe a little bit of some numbers there. You know, GM saying that they were going to have they actually reinstate their guidance a little bit. They pulled it back a little bit. Uh we’re not seeing anything here with Ford. They claimed that as the situation develops, they will then release that updated guidance. Right now, no, nothing.
00:57 Speaker A
And how do we think about this $1.5 billion effect impact on full-year adjusted EBIT compared to what we heard from General Motors in terms of what its costs are going to be?
01:04 Speaker B
I mean, General Motors was four to five billion. Right. And I think two billion of that, uh, their CFO said was because of the imports coming in from places like Mexico and Canada whereas Ford has 80% local production. So that’s going to be much more, you know, limited for them. It’s good news for Ford. They still have the non-USMCA parts that are going to come in. Those have, you know, a tariff impact. So that’s probably where we’re seeing a lot of that. They they did say they suspended imports from China, which is the Lincoln Nautilus, uh, and they said because we have a big inventory already in the states, so we don’t need to import anymore. So they’re sort of trying to limit that impact. That number 1.5 versus four or four to five that GM has is significant, absolutely right.