Ford Motor Co. reported first quarter profits down across all its divisions, but it said it has managed to mitigate some tariff exposure.

The automaker said its estimate of how much tariffs would hurt its finances include changes the company was making to reduce costs, including buying more parts and producing more vehicles in the United States. Excluding those measures, Ford expects tariffs to cost it $2.5 billion.

It’s earnings season, and automakers are warning investors about the impact tariffs will have on vehicle pricing. As first reported by Reuters, the cost of Ford's Mustang Mach-E, Ford’s electric SUV,