News Formal

Ford is set to report earnings on the heels of its tentative deal with the UAW

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Ford will report earnings less than 24 hours after reaching a tentative deal with the UAW to end costly strikes.

Those results would be increases of more than 50% in adjusted EPS and 10.8% in automotive revenue compared to a year earlier.

The overall cost increase of the agreement, which must still be ratified by members, is estimated to be $6.2 billion over the terms of the four-and-a-half-year deal, according to Deutsche Bank. It also includes reinstatement of cost-of-living adjustments, a three-year path to top wages and right to strike over plant closures. among other significantly enhanced benefits.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ford earnings: What to expect from the carmaker after tentative agreement with UAWFord may follow GM in withdrawing guidance for the year
Source: MarketWatch - 🏆 3. / 97 Read more »