Ford Motor reported far better-than-expected first-quarter results but sees a steep hit to profits for the full year and has suspended its financial guidance. “Our fundamental business is improving,” said Sherry House,

Back in February, however, the picture of frequently fluctuating on-again, off-again tariffs wasn't quite complete. Now, with President Donald Trump's 25% tariffs on imported vehicles and certain auto parts being collected,

"Our teams have done a lot to minimize the impact of tariffs on our business," Chief Financial Officer Sherry House said on a conference call with reporters.