Ford adjusts down operating results this year

2023-12-01 14:24:08

Ford Motor Company said Thursday that its full-year earnings before interest and taxes (EBIT) may reach between 10 billion dollars and 10.5 billion dollars this year, with 1.7 billion dollars lost due to the United Auto Workers' (UAW) 41-day strike.

Ford Motor Company said Thursday that its full-year earnings before interest and taxes (EBIT) may reach between 10 billion dollars and 10.5 billion dollars this year, with 1.7 billion dollars lost due to the United Auto Workers' (UAW) 41-day strike.

The U.S. automaker has expected an adjusted operating income of 11 billion dollars to 12 billion dollars this year, but withdrew it in late October during UAW's strike against its certain factories in the United States.

Ford's full-year 2023 adjusted free cash flow is expected to be between 5.0 billion dollars and 5.5 billion dollars, down from its estimation of 6.5 billion dollars and 7 billion dollars.

Comment (0)
~~~No More~~~ Expand
Leave your thought here

Your voice may affect the world

{{ relation.content }}