After the end of a week-long strike, the US car manufacturer Ford and its competitor General Motors are again making an annual forecast.
Because of the higher collective agreement with the US union UAW, the profit is likely to be narrower than previously forecast, Ford announced on Thursday in Dearborn (US state of Michigan). For 2023, management now expects adjusted earnings before interest and taxes (EBIT) of between 10 and 10.5 billion US dollars (9.1 to 9.55 billion euros). Even before the six-week strike, CFO John Lawler had $11 to $12 billion on the books.
Ford put its annual forecast on hold in October because of the labor dispute, as did General Motors. The competitor from Detroit announced smaller goals for the current year on Wednesday. Meanwhile, as a result of the agreement reached with the UAW, Ford expects costs per car to increase by about $900 and adjusted operating margins to deteriorate.
Ford shares were temporarily trading 1.04 percent higher on the NYSE premarket at $10.70.
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DEARBORN (dpa-AFX)
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