DETROIT (AP) — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday.
The company now expects to earn $10 billion to $10.5 billion before taxes in 2023.
UAW workers shut down the company's largest and most profitable factory in Louisville, Kentucky, which makes big SUVs and heavy-duty pickup trucks.
The UAW strike began Sept. 15, targeting assembly plants and other facilities at Ford, General Motors and Jeep maker Stellantis.
At the end of the contract top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.
Persons:
John Lawler, Ford, Lawler, Shawn Fain
Organizations:
DETROIT, United Auto Workers, Ford, UAW, Barclays Global Automotive, Mobility Technology, General Motors
Locations:
Dearborn , Michigan, Louisville , Kentucky, New York