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Ford Motor Company

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Ford's Q4 Earnings Impacted by UAW Strike, Full-Year Profits Rise to $8.1 Billion

Benzinga
Benzinga
Ford reported lower fourth-quarter earnings due to costs from its recent UAW strike but full-year profits rose to $8.1 billion. The company announced a supplemental dividend that more than doubles its regular payout to shareholders. Ford projects 2024 adjusted earnings before interest and taxes could reach up to $12 billion, a potential record. The UAW deal included an immediate 11% pay hike and a total 14% increase over the contract term.