Ford is estimating that the company lost $1.7 billion in profits this year due to the six-week long strike by United Auto Workers (UAW). Ford Chief Financial Officer John Lawler said in a company press release that there were $1.7 billion in strike-related lost profits, including $1.6 billion in just the fourth quarter. Lawler said this was due to “to interruptions in production of high-margin trucks and SUVs,” which resulted in sales dropping to about 100,000 units lower than what the company anticipated. Overall, Ford predicted that its full-year adjusted earnings before interest of taxes will be between $10 billion and $10.5 billion. It noted that before the full effects of the s
Hence then, the article about ford lost 1 7b in profits due to uaw strike company estimates was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Ford lost $1.7B in profits due to UAW strike, company estimates )