Ford Model e's revenue increased to $1.2 billion in Q1 2025, reflecting higher wholesales. However, the segment still reported an EBIT loss of $849 million, indicating ongoing challenges in achieving profitability in the EV segment.

Ford Pro's EBIT decreased by $1.7 billion, and revenue decreased by $2.8 billion, indicating challenges in the commercial vehicle segment. This decline was attributed to lower volume and mix, unfavorable fleet pricing, and tariff-related costs.

Ford acknowledges lower-than-anticipated industrywide electric vehicle adoption rates and near-term pricing pressures, which may lead to adjustments in investments, spending, production, and/or product or future technology launches.

Management suspended its full-year 2025 adjusted EBIT and adjusted free cash flow guidance, citing material near-term risks such as potential supply chain disruptions and increased tariffs. This indicates uncertainty in the company's ability to accurately forecast future performance.

The company recorded $110 million of pre-tax special item charges primarily related to the cancellation of a previously planned all-electric three-row SUV program and continued ongoing restructuring actions in Europe.

Ford Blue's EBIT decreased by $805 million, and revenue decreased by 3%, driven primarily by lower volume driven by planned production downtime and dealer stock reductions, adverse exchange, and tariff-related costs.

Ford acknowledges that tariffs implemented to date have caused significant disruption, increased costs, and uncertainty in the automotive industry and that tariffs implemented in the future may exacerbate these impacts. Ford's costs related to tariffs were $200 million in Q1 2025.

Ford notes that fragility in the supply chain exacerbated by tariffs and other industry concerns, such as China's restriction on the export of rare earth minerals, increases the risk of production disruptions and may further increase costs.

Ford acknowledges that economic or geopolitical developments, including protectionist trade policies such as tariffs, or other events, could adversely affect its results and operations due to its global footprint and supply chain.

Ford acknowledges that it may face increased price competition for its products and services, including pricing pressure resulting from industry excess capacity, currency fluctuations, competitive actions, or economic or other factors, particularly for electric vehicles.

Ford notes that its results are dependent on sales of larger, more profitable vehicles, particularly in the United States, indicating a potential vulnerability if consumer preferences shift or if economic conditions weaken demand for these vehicles.

Ford acknowledges that its new and existing products and digital, software, and physical services face significant competition from existing and new entrants in the automotive and digital and software services industries.

Ford Blue's EBIT margin declined from 4.1% to 0.5%, reflecting lower volume driven by planned production downtime and dealer stock reductions, adverse exchange, and tariff-related costs (primarily on parts).

Ford Pro's EBIT margin declined from 16.7% to 8.6%, driven by lower volume and mix, unfavorable fleet pricing (including daily rental), and tariff-related costs (primarily on parts).

Ford notes that it may stockpile certain components or raw materials to help prevent disruption in its production of vehicles, which could have a short-term adverse impact on its cash and increase its inventory.

Ford Model e primarily includes the sale of our electric vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services.

Ford has entered into and may, in the future, enter into offtake agreements with raw material suppliers and make investments in certain raw material and battery suppliers, including contributing up to a maximum of $6.6 billion in capital to BlueOval SK, LLC.

Ford acknowledges lower-than-anticipated industrywide electric vehicle adoption rates and near-term pricing pressures, which may lead to adjustments in investments, spending, production, and/or product or future technology launches.

Ford is investing in its electric vehicle strategy, including investments in raw material and battery suppliers to secure critical materials for EV production.

Subject to approval by its Board of Directors, Ford is targeting shareholder distributions of 40% to 50% of adjusted free cash flow.

Ford manages Company debt (excluding Ford Credit) levels with a leverage framework that targets investment grade credit ratings through a normal business cycle.

The corporate, supplemental, and 364-day credit agreements include certain sustainability-linked targets, pursuant to which the applicable margin and facility fees may be adjusted if Ford achieves, or fails to achieve, the specified targets related to global manufacturing facility greenhouse gas emissions, carbon-free electricity consumption, and Ford Europe CO2 tailpipe emissions.

Ford's credit agreements include sustainability-linked targets related to global manufacturing facility greenhouse gas emissions.

Ford's credit agreements include sustainability-linked targets related to carbon-free electricity consumption.

Ford acknowledges that tariffs implemented to date have caused significant disruption, increased costs, and uncertainty in the automotive industry and that tariffs implemented in the future may exacerbate these impacts.

Ford acknowledges that economic or geopolitical developments, including protectionist trade policies such as tariffs, or other events, could adversely affect its results and operations due to its global footprint and supply chain.

Ford acknowledges that industry sales volume can be volatile and could decline if there is a financial crisis, recession, public health emergency, or significant geopolitical event.