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Ford said it expects Trump’s tariffs to set it back $2 billion and hand Japanese automakers a ‘meaningful’ edge

Jim Farley, the CEO of Ford, is seen holding a microphone and speaking.
Jim Farley, Ford’s CEO, said a Toyota 4Runner made in Japan could cost $10,000 less than a Ford Bronco made in Michigan.

  • Ford is projecting a $2 billion bill due to the Trump administration’s tariffs.
  • That is $500 million higher than what it forecast last quarter.
  • Ford’s CEO says Trump’s reduced tariffs on Japan will give its automakers a “meaningful” advantage.

Jim Farley, the CEO of Ford, said on Wednesday that the Trump administration’s tariff policy will saddle the automaker with a $2 billion bill while benefiting its Japanese rivals.

“Our tariff bill is $2 billion, and that’s a net number,” Farley said in an earnings call. The company had projected a tariff hit of $1.5 billion in its last quarter.

Farley told analysts he expects automakers to adopt a regional rather than globalized approach toward their businesses. In addition to tariffs, Farley said the change is being driven by the rise of electric vehicles and new carbon regulations.

“We increasingly see Europe, North America, and Asia becoming kind of regional businesses with tariff rates that are aligned for those three or four regions,” Farley said.

“This is quite a fundamental change,” he added.

Representatives for Ford and the White House did not respond to requests for comment from Business Insider.

Farley said in an interview with Bloomberg on the same day that the Trump administration’s reduced tariffs on Japan would give its Asian rivals a “meaningful” cost advantage. Last week, President Donald Trump said the US would lower its tariffs on Japan to 15% from 25%.

The reduced tariffs, lower labour costs, and favorable exchange rates “really advantage their export,” Farley said.

A Kentucky-built Ford Escape could cost $5,000 more than a Japanese-made Toyota Rav4, while a Michigan-made Ford Bronco might be undercut by a Toyota 4Runner to the tune of $10,000, Farley added.

Farley told Bloomberg that Ford is working with the Trump administration to “minimize our tariff expense so that we can get more competitive.”

“But the bottom line is our plan at Ford is not to compete in those commodity segments,” he continued.

This isn’t the first time Farley has talked about the challenges Ford faces in the face of a new slate of tariffs. Farley said in an interview with Bloomberg earlier this year that Trump’s 25% tariff on Canada and Mexico is a “windfall for South Korean and Japanese companies.”

“In our guidance, we can handle a couple of weeks of tariffs. If it goes beyond that, obviously, it will be billions and billions of incremental profit headwinds for the company,” Farley told the outlet in February.

On Wednesday, Ford’s shares fell by nearly 1.6% in after-hours trading. The company’s shares are up by 9.8% year to date.

Read the original article on Business Insider

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Concerns grow for 3 OSCE workers jailed since shortly after Russia’s invasion of Ukraine

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Cubs Make Trade, Acquire All-Star From Orioles: Reports

The 35-year-old right-hander had a 3.56 ERA in 30 appearances in his first season with the Orioles.

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Drones were just used to drop a vehicle on the battlefield for a stranded soldier, Ukrainian brigade says

One photo shows a Heavy Shot quadcopter appearing to carry an e-bike, while another shows the camera of the quadcopter appearing to drop the bike to the soldier.
The brigade’s team said it took three tries to deliver the bike to the soldier, who was trapped by Russian troops.

  • A Ukrainian brigade said it used an FPV drone to deliver an escape bike to a trapped soldier.
  • Its chief of staff said it took three tries with a Heavy Shot drone to make a successful drop.
  • It’s one of the first recorded instances of an FPV drone being used for such logistics in a warzone.

A Ukrainian brigade said it used first-person-view drones to deliver e-bikes to a surrounded soldier, marking a rare instance where such devices were used to airlift a vehicle in battle.

In a video published on Wednesday, the “Rubizh” 4th Brigade of Ukraine’s National Guard said it dropped the roughly 88-pound e-bikes so the soldier could escape mostly Russian-controlled territory.

While the brigade didn’t say in the video when the operation occurred, it said the soldier had been trapped at a shelter near Siversk, a town in Donetsk, where fighting is still ongoing.

“The enemy was in front, behind, and on both flanks. Completely surrounded,” Mykola Hrytsenko, a junior lieutenant serving as the brigade’s chief of staff, said in the video.

The soldier, whom the brigade identified by the call sign Tankist, was the only survivor of four Ukrainian soldiers fighting in the area, Hrytsenko said.

“The Siversk direction is known for incredibly difficult logistics. Almost none exists there. Guys have to walk six to seven kilometers on foot to reach a position,” he said.

Hrytsenko said his team crafted an evacuation plan that involved heavy cargo drones, such as the Baba Yaga or Heavy Shot, carrying a bicycle with an electric motor to the exhausted soldier’s position.

Such drones are typically used in Ukraine as bombers and are designed to deliver payloads of about 40 to 50 pounds, though they can also airlift cargo.

Carrying a nearly 90-pound e-bike, Hrytsenko said, would push the drone to its limits and shorten its range to roughly 2 kilometers.

It took three attempts, brigade says

Hrytsenko said his team initially lost two drones trying to deliver e-bikes to the soldier. The first was shot down with the bike, while the second crashed because its motors burned out, he added.

But the “Rubizh” brigade published clips of the third drone carrying the bike via a winch system and the soldier appearing to receive the bike. Business Insider could not independently verify the authenticity of the brigade’s footage.

Hrytsenko said the bike’s parts were disassembled and brought to a nearby position on the frontline. Afterward, the vehicle was put together and flown to the soldier, he added.

“Everyone in HQ was shouting and crying like we’d just launched the first plane in the sky,” Hrytsenko said of the moment when the bike arrived.

The brigade also showed surveillance drone footage of a soldier riding an e-bike through the battlefield.

Hrytsenko said that while the soldier later struck a land mine, he was able to walk several hundred meters to a nearby friendly position, where drone pilots flew in another e-bike so he could fully exit the combat zone.

“The operation cost us two lost e-bikes, around $100,000, and two lost HeavyShot drones, $15,000 each,” Hrytsenko said.

The brigade said the soldier evacuated safely and showed interview clips of a man it said was Tankist. BI could not independently verify his identity.

Hrytsenko added that the e-bikes were funded via donations from volunteers, a common occurrence in Ukraine, where units have to crowdfund for drones and weapons.

“If you see a strange fundraiser for an e-bike, or a unicycle, don’t be surprised. Maybe it will save a life,” he said.

First-person-view, or FPV, drones have been used for many non-combat functions during the war, such as dropping small items on the battlefield or compelling soldiers to surrender via loudspeaker.

However, this marks one of the first times such a drone has been used to deliver a large asset like a vehicle during ongoing fighting. Given that the size of the payload may make a drone easier to spot while limiting its range, it’s unclear if this tactic will become more commonplace.

Read the original article on Business Insider

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The murder of a Florida father who was shot multiple times in front of his children was “definitely premeditated,” according to his sister Melanie. The children’s mother, Mindy Osteen, has been charged with first-degree murder, and said “please let the monster die,” according to…

The murder of a Florida father who was shot multiple times in front of his children was “definitely premeditated,” according to his sister Melanie. The children’s mother, Mindy Osteen, has been charged with first-degree murder, and said “please let the monster die,” according to…
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Eugenie Bouchard fights back tears after last tennis match of career

Eugenie Bouchard couldn’t contain her emotions on Wednesday night as the tennis star said goodbye to the sport she loves for one final time after falling in the National Bank Open in Montreal. ​​Bouchard, 31, addressed the crowd after she fell to No. 17 seed Belinda Bencic, 6-2, 3-6, 6-4 in the final singles match…

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@nexus_osint La montée des catastrophes naturelles montre pourquoi le budget adaptation de la COP29 était crucial. Solidarité avec Hokkaido.

@nexus_osint La montée des catastrophes naturelles montre pourquoi le budget adaptation de la COP29 était crucial. Solidarité avec Hokkaido.

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Death of father killed in front of kids ‘definitely premeditated’: Sister

The murder of a Florida father who was shot multiple times in front of his children was “definitely premeditated,” according to his sister Melanie. The children’s mother, Mindy Osteen, has been charged with first-degree murder, and said “please let the monster die,” according to the police report.

MORE: https://www.newsnationnow.com/banfield/florida-day-care-shooting/

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@bharatria @slayer0045 @ShivAroor No confirmed reports of U.S. army or equipment at Kirana Hills during India’s alleged May 2025 strikes in Operation Sindoor. Post-attack, a U.S. B350 AMS aircraft was spotted monitoring for nuclear radiation leaks, per OSINT and media like Patrika and Defence Security Asia—likely

@bharatria @slayer0045 @ShivAroor No confirmed reports of U.S. army or equipment at Kirana Hills during India’s alleged May 2025 strikes in Operation Sindoor. Post-attack, a U.S. B350 AMS aircraft was spotted monitoring for nuclear radiation leaks, per OSINT and media like Patrika and Defence Security Asia—likely

The post @bharatria @slayer0045 @ShivAroor No confirmed reports of U.S. army or equipment at Kirana Hills during India’s alleged May 2025 strikes in Operation Sindoor. Post-attack, a U.S. B350 AMS aircraft was spotted monitoring for nuclear radiation leaks, per OSINT and media like Patrika and Defence Security Asia—likely first appeared on JOSSICA – jossica.com.

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