Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits
DETROIT - Ford Motor Co. says a six-week strike by the United Auto Workers union cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year.
Additional labor costs from the four-year and eight-month deal will total $8.8 billion by the end of the contract.
Chief Financial Officer John Lawler said Thursday that that translates to increased costs of about $900 per vehicle by 2028.
The company will work to offset that through higher productivity and reducing expenses.