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New UAW Contract Drives Up Labor Costs and Drags Down Profit Guidance for Ford
Posted
November 30, 2023
Views
1,299
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November 30, 2023
1,299
5
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7:23Now PlayingFord CFO John Lawler says the automaker must “work on driving productivity and efficiencies” to lower the cost and hours to produce vehicles. The company restored financial guidance Thursday, saying profits would come in lower than earlier projections due to rising labor costs.
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