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Ford books $1.3 billion tariff refund, lifting profits despite falling volumes

Ford booked a $1.3 billion tariff refund on its earnings on Wednesday. Bill Pugliano/Getty Images Ford flagged a one-time $1.3 billion tariff benefit in its quarterly results. The announcement comes a day after GM reported a roughly $500 million tariff benefit. Still, car companies expect to pay billions on other tariffs levied on imported vehicles and parts. Ford just got a big tariff-related boost. The automaker said on Wednesday that it booked a $1.3 billion one-time tariff-related benef...