And this is what the street was waiting for, any more inclination that Ford could provide some details around how they've already been impacted and how they're kind of doing the calculus on a per vehicle or a unit cost going forward here and then what's already taking place. But obviously, they also need to make money on them, too.īRAD SMITH: Yeah, absolutely. They want to lower the price so they're able to boost adoption. They're trying to figure out how to make these vehicles cost effective. And we know that has really been a sticking point for these automakers. They're doing all they can to boost their margins on EVs. And it's gonna cost about $900 per vehicle.Īnd Ford CFO in an interview saying that he's aiming now to reduce labor hours per vehicle. But when it comes to this cost and exactly what the UAW strike, the cost of it to Ford, and exactly what this new deal means for Ford going forward, labor costs are gonna rise by $8.8 billion over the duration of this new contract, which is just under five years. Now, the automaker is expecting adjusted EBITDA of $10 billion to $10 and 1/2 billion in adjusted free cash flow of between $5 billion and $5 and 1/2 billion.Īnd we take a look at these numbers, of course, these headlines from Ford, following what we heard from GM's Mary Barra yesterday. SEANA SMITH: Let's stick with the automotive space and talk about Ford because new headlines out this morning, they're out with their full-year guidance after previously pulling it amid the strike with the UAW. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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