Additional labour costs from the four-year and eight-month agreement will total USD 8.8 billion by the end of the contract, translating to about USD 900 per vehicle by 2028, Chief Financial Officer John Lawler said in a company release. Ford will work to offset that cost through higher productivity and reducing expenses, Lawler said.
Retail And Autos In Focus: November Interim Sales Trends seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
UAW strike cut Ford sales by 100K vehicles and cost $1 7B profit chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
After withdrawing guidance amid UAW strike, Ford now expects full-year adjusted EBIT of $10.0 billion to $10.5 billion, adjusted free cash flow of between $5.0 billion and $5.5 billion
Though.