Now, the company expects full-year revenue between 65 billion euros and 70 billion euros ($76 billion and $82 billion) with gross margins between 5% and 7%, compared to its previous margin range of 7% and 9%.

Ford, one of the United States’s “Big Three” automakers, took out a multibillion-dollar loan credit agreement amid unease about the effect President Donald Trump’s tariffs are having on the automobile industry.

The Trump administration’s tariffs are hitting companies that do business in the United States. But prices haven’t reflected them yet in many cases.

The Trump administration and the EU agreed to the deal just days before a new 25% duty was set to go into effect.

Following the news of reduced tariffs on Japanese car imports as part of President Donald Trump’s new trade deal with Japan, automakers in the land of the rising sun have much to say about what went down and how it impacts their business.

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

The recent trade agreement between President Donald Trump and Japan, reducing import tariffs on Japanese vehicles from 25% to 15%, offers a mixed blessing for Japanese automakers. While it provides some relief,

In what was considered a significant win for Japanese automakers a few days ago, President Trump’s trade deal with the Eastern nation resulted in reduced tariffs on imported Japanese vehicles. The new 15% tariff is significantly lower than what it was,