Retooling at Kentucky Truck, which produces the cash-cow Super Duty pickups, also contributed to Ford Pro, the commercial vehicle business, reporting $1.309 billion in operating income, down 56% year-over-year, and a 8.6% operating margin compared to 16.7% a year ago. Ford had predicted $9 billion in annual earnings from the division.

Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year and is withdrawing its full-year financial guidance due to the uncertainty created by the Trump