Ford Motor Company has resumed round-the-clock production at its Michigan manufacturing complex and committed over $8 billion in new investment across five Midwestern plants. These moves follow the administration’s 25% tariff on imported automobiles, which Ford executives credit with narrowing the U.S. trade deficit and redirecting global capital back to American factories. Since the tariff’s implementation, Ford has added 2,500 direct production jobs in Michigan, marking its largest workforce increase in the state in over a decade.

In its most recent quarter, Ford reported revenue of $50.5 billion, up 9.4% year-over-year, and delivered earnings per share of $0.45, surpassing consensus forecasts by $0.07. The company’s return on equity stood at 11.9%, while its net margin improved to 2.5%, reflecting better pricing discipline and a more favorable product mix. Ford’s automotive operating margin rose by 120 basis points versus the prior quarter, driven by strong truck and SUV volumes in North America.

Ford declared a quarterly dividend of $0.15 per share, representing a 4.2% annualized yield and a payout ratio of 51.7%. The automaker also announced a $5 billion share repurchase authorization for the coming year. Institutional ownership has climbed sharply: five major asset managers collectively increased their positions by 15% in the latest quarter, now owning more than 12% of outstanding shares. These moves underscore management’s confidence in free cash flow generation and commitment to returning capital to shareholders.