Ford Thursday withdrew its full-year results forecast due to the pending ratification of its deal with the UAW, and warned of higher losses on electric vehicles.
The union and Ford on Wednesday reached a tentative agreement that included a 25% wage hike for 57,000 workers over 4-1/2 years, ending a strike at some of the automaker's biggest factories.
Ford's adjusted third-quarter earnings per share of 39 cents missed the Wall Street average target of 45 cents, according to LSEG data. The automaker said its EV business was experiencing"sharply compressed" prices and profitability, and said customers were not willing to pay a premium for EVs over comparable combustion and
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