“There is a CapEx impact, we do have some product, some equipment that we've already ordered that's going to be coming in from overseas and we do think that we will have an impact on our CapEx as a result.”

In context

“more US sourced parts. And that could change and have a iterative effect with the tariffs. So at this point, I would say too early to tell to answer your question about whether it's enough time or not. Colin Langan: And just lastly, just any thoughts on the cash impact of the tariffs? I mean, should we think of the $1.5 billion as all-cash? Are there any other factors we should be thinking about like working capital or CapEx needs that might result in maybe cash being better or worse than the EBIT impact? Sherry House: Yeah. at this point, we're estimating that they will be approximately equal for cash. We're assuming that they would happen and settle within the quarter. So in a case where there's a cash that's paid out and there's an offset, we're assuming it would happen in the quarter. There is a CapEx impact, we do have some product, some equipment that we've already ordered that's going to be coming in from overseas and we do think that we will have an impact on our CapEx as a result. Colin Langan: Got it. All right. Thanks for taking my questions. Operator: Your final question will come from the line of Itay Michaeli with TD Cowen. Please go ahead. Itay Michaeli: Great. Thank you. Good afternoon, everybody. Just two quick ones for me and thank you for all the detail today. If you were to see industry pricing move higher beyond what you've embedded in the $1.5 billion net tariff, I'm just curious whether you would generally prioritize gaining some market-share due to your strong US position or whether you would look to participate in some of that price increases? And just a second quick question maybe for Jim. How should we be thinking about Ford's plans for Level 3 autonomy? Any changes we should think about just given the changes in the electrical architecture rollou”