Ford said sales of its F-Series pickups remain below year-ago levels as the company faces an estimated $900 million tariff hit after a Novelis aluminum plant fire forced overseas sourcing.
Novelis said production at its Oswego, New York, facility should resume in June, and automakers importing aluminum have faced a 25% tariff while Novelis supplied from abroad. The administration approved a temporary waiver for Ford through November rather than through May, which Ford says increased its tariff obligations by about $900 million.
The Wall Street Journal reported Ford continued to press for further tariff relief with little effect, and a White House official told the Journal automakers “have not requested tariff relief on this matter in a particularly pronounced way.” Ford has sought to absorb tariff-driven costs without raising sticker prices even as destination and delivery fees have risen.
This report is based on information originally published by The Drive.
Read the full article at The Drive.
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