Investing.com -- Ford Motor Company (NYSE:F)’s top executives, CEO Jim Farley and CFO Sherry House, addressed the Wolfe Research Auto, Auto Tech and Semiconductor Conference today.
The company’s leaders shared that Ford predominantly sources its aluminum and steel from U.S. suppliers. This information was revealed by CFO Sherry House during her presentation.
Farley, the company’s CEO, expressed concerns about the high costs and disruption caused by tariffs. He described the situation as causing "a lot of cost and a lot of chaos".
In light of the potential tariffs with Mexico and Canada, Ford is contemplating where to establish inventory. This strategic decision is aimed at preparing for any potential trade changes. This information was shared by the company’s CFO, Sherry House, adding another layer to the ongoing tariff discussion.
The details of where the inventory buildup might occur or when these preparations would begin were not disclosed during the conference. The company’s strategy to navigate the tariff situation remains a focal point for Ford’s leadership.
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