Ford pegs cost of UAW labor deal at $8.8 billion, cuts full-year profit view
www.reuters.com
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.
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    1 year ago

    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, which Ford said it would work to offset by cutting costs elsewhere.