“We're we've expensed about $200 million thus far. And I think you could think about that being a reasonable quarterly rate going forward, so not significant.”

In context

“he footprint anytime soon. Those tariffs were not around a year ago. This is an opportunity for Ford. Yes, it may be less than 25%. But I think we found with administration, they're really committed to companies like Ford, and they are going to work hard to reduce that liability. Joseph Robert Spak: I guess just maybe sticking on policy. I heard you mentioned, I think you said you're going to scale back compliance credits by $1 billion, $1.5 billion. Did you mean purchases? Or is that what you are -- like what was -- what are you -- what were you planning to expense this year in the guidance and what are you planning to expense now? I know you did about $200 million last year. I'm just trying to think about how much of a profit tailwind that could be in 2016 and beyond. Sherry House: Yes. We're we've expensed about $200 million thus far. And I think you could think about that being a reasonable quarterly rate going forward, so not significant. James Duncan Farley: And on the credit side, it's very clear to us that the California situation has changed a lot, so we can descale our credit contracts and our purchases, that will be material for the company. The most material for Ford in the end is going to be changing our mix. We have high demand for our Pro and larger SUVs right now. We have high demand for some of our non-electrified powertrains and changing that mix is a multibillion-dollar opportunity in the next couple of years. So that's what's going to come through for the business. We just have to finalize the rule making, which probably won't happen until the end of the year. Operator: Your next question comes from Federico Morendi with Bank of America. Unidentified Analyst: Just wanted to touch upon the electrification ini”