Ford's financial report suffers the biggest "unexpected cold": Tariffs drag down costs, but optimistic about recovery in 2026.

Profit falls short of expectations: Ford Motor Company reported its first quarterly profit miss since 2024, also the largest miss in four years. Shadow of tariffs: The financial report fell short of expectations mainly due to unexpected tariff costs of approximately $900 million in 2025, related to the failure of timely implementation of tax exemptions for car components. Recovery guidance: Despite poor performance last year, Ford expects 2026 to be a year of recovery, with adjusted pretax profits expected to reach $8-10 billion, higher than last year's $6.8 billion. Heavy losses: The sudden changes in tariff terms caused Ford to lose the $900 million in savings previously expected last year, resulting in its total annual tariff costs doubling to $2 billion.