Ford, Canadian autoworkers deal

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The Dearborn automaker had withdrawn its annual guidance last month pending the ratification of a tentative agreement.

Ford takes US$1.7 billion profit hit from UAW strike

FORD Motor on Thursday (Nov 30) said the US autoworkers’ strike has led to a US$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 labour deal.

UPI News on MSN · 1h

Ford says UAW strike cost $1.7 billion in lost profits in 2023

Ford said Thursday the United Auto Workers strike cost the company $1.7 billion in lost profits as it reported before-tax, full-year 2023 earnings expectations of $10 billion to $10.5 billion.

Reuters on MSN · 1h

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.

ABC · 3h

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

Ford Motor Co. says a six-week strike by the United Auto Workers union cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year

Bloomberg L.P. · 3h

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 · 3h

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.

Columbus Dispatch23d

Unifor members ratify deal with Stellantis, ending Detroit 3 bargaining in Canada

Autoworkers in Canada now have a new contract with Stellantis, too. Unifor, the union representing those workers, announced ...

Hosted on MSN1mon

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

TORONTO — 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 Ontario ...

The Messenger on MSN1d

GM Says Labor Contracts With Autoworkers Will Cost $9.3 Billion, Announces $10 Billion Stock Buyback

General Motors on Wednesday said its new labor contracts with American and Canadian autoworkers will cost $9.3 billion over the life of the separate agreements, even as it announced a $10 billion ...

12don MSN

Ford union workers ratify UAW deal, closing out historic negotiations with Detroit automakers

A majority of Ford facilities overwhelmingly approved the deal, which, like those with GM and Stellantis, includes at least ...

Detroit News1mon

Ford workers to decide on UAW deal with battery-plant pathway

Taylor — Some 56,000 rank-and-file United Auto Workers members employed by Ford Motor Co. now have the decision of whether to ratify an agreement that would provide a pathway for battery-plant ...

ABC News28d

UAW members at the first Ford plant to go on strike vote to approve new contract

Members at the Michigan Assembly Plant voted 81% in favor of the deal. DETROIT -- Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract ...

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 ...

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