Ford, Canadian autoworkers deal

Ford pegs cost of UAW labor deal at $8.8 billion, cuts annual profit view

Ford Motor on Thursday pegged the cost of a new labor deal at $8.8 billion and joined rival General Motors in cutting its full-year profit forecast due to lost production from a lengthy strike at its U.

Yahoo Finance · 4h

Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits

A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday. Additional labor costs from the four-year and eight-month agreement will total $8.

shorenewsnetwork · 4h

Ford pegs cost of UAW labor deal at $8.8 billion, cuts full-year profit view

(Reuters) -Ford Motor on Thursday pegged the cost of a new labor deal at $8.8 billion and joined rival General Motors in cutting its full-year profit forecast due to lost production from a lengthy strike at its U.S. plants.

cnbctv18 · 1h

Ford pegs cost of UAW labour deal at $8.8 billion, cuts full-year profit view

The deal with the United Auto Workers (UAW) union, reached after weeks of tense negotiations, will add about $900 in labor costs per vehicle by 2028. Ford said it would work to offset that by cutting costs elsewhere.

Wall Street Journal · 5h

Ford Lost $1.7 Billion in Profit From UAW Strike

The new labor deal is expected to add $8.8 billion in cost over the roughly four-year contract.

Business Insider · 5h

Ford Issues New FY23 Outlook Post UAW Strike

Thursday announced that it is issuing a new outlook for the fiscal 2023 post the UAW strike that ended on October 30. Ford withdrew its previous guidance of adjusted EBIT to be between $11 billion and $12 billion in the light of the strike that began on September 15.

Reuters · 5h

Ford takes $1.7 bln profit hit from UAW strike

Ford Motor on Thursday said the U.S. auto workers' strike has led to a $1.7 billion hit to its profit and lost production of thousands of vehicles, as it cut its full-year earnings forecast to account for the recently struck labor deal.

Bloomberg L.P. · 5h

Ford Lowers Profit Guidance as Labor Costs Rise by $8.8 Billion

Ford Motor Co. restored financial guidance Thursday, saying profits would come in lower than earlier projections due to rising labor costs from its new contract with the United Auto Workers union.

TheStreet.com · 5h

Ford follows GM with new profit forecast, UAW strike cost tally

Ford pegged the cost of the six-week UAW strikes at $1.7 billion, more than rival GM's $1.1 billion estimate, while issuing an updated2023 profit forecast.

Detroit News · 6h

Ford shares new guidance after UAW strike costs it $1.7B

The Dearborn automaker had withdrawn its annual guidance last month pending the ratification of a tentative agreement.

AOL1mon

Autoworkers in Canada OK deal with GM

Autoworkers in Canada ratified a new labor contract Sunday with General Motors, averting a resumption of a strike that had lasted about 13 hours on Tuesday. Members of Unifor, the Canadian union ...

WZZM1mon

Canadian autoworkers ratify new contract with General Motors, leaving only Stellantis without deal

TORONTO, ON — Canadian autoworkers have voted to ratify a three-year contract agreement with General Motors. Members of Unifor, the union representing about 4,300 Canadian workers at three ...

CNBC1mon

Canadian auto union reaches deal with Stellantis after brief labor strike

Canadian union Unifor and Stellantis have reached a tentative agreement Monday morning. The deal ended a brief strike that began after a deal wasn't reached by 11:59 p.m. Sunday. The Unifor ...

Nasdaq1mon

Canadian autoworkers union Unifor ratifies GM labor deal

Oct 15 (Reuters) - Canadian labor union Unifor on Sunday said its members had voted in favor of a contract with General Motors GM.N, a relief for the automaker as it also faces a larger strike by ...

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