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Ford Motor : 2025 Annual Report 2026 Annual Shareholder Questions
Ford Motor : 2025 Annual Report 2026 Annual Shareholder
About this update from Ford Mtr Co Del
2026 Virtual Annual Meeting - Shareholder Questions Ford leaders addressed several topics, some representing multiple related questions from shareholders, during the Company's Virtual Annual Meeting of Shareholders on May 14, 2026. Ford also received shareholder questions on the topics listed below. All responses are provided as of May 14, 2026, unless otherwise noted, and will not be updated. Please note that the answers below may contain forward-looking statements about our expectations for future performance. Actual results may differ from those stated, and the most significant factors that could cause actual results to differ are included in the Cautionary Note on Forward-Looking Statements found beginning on page 5. External Environment Q: What impact will the tariffs have in the long run? Does management expect costs associated with the increase in import tariffs, particularly for cross-border automotive parts, to ease in coming years? A. Ford supports the administration's goal of strengthening the U.S. economy by growing American manufacturing, and we support a level playing field globally for domestic and foreign OEMs. We also appreciate the ongoing cooperation we have with this administration. As America's largest auto manufacturer, our engagement with Washington helps U.S. policymakers better understand how proposed policy changes would impact our industry and the communities we serve. As disclosed with Q1 earnings, we expect tariffs to have an adverse impact of about $1 billion in 2026, excluding the temporary tariffs related to Novelis. That figure is built into our forward planning and was included in our Q1 guidance - and we are managing it as a permanent cost reality, not a temporary condition. In Q1, we also recognized a one-time $1.3 billion IEEPA-related benefit from the Supreme Court's tariff ruling in February. We remain confident in our structural position. Ford has built vehicles in the U.S. for more than 120 years. It's a choice we have made, time and time again. We know firsthand the broader impact of keeping those jobs here - far beyond the factory floor. That's why Ford again led every other automaker in U.S. vehicle assembly, U.S. vehicle exports and hourly autoworker employment in America in 2025. Ford is well-positioned to navigate these challenges and emerge as a winner because we have invested in American innovation and manu...