-
Recent Posts
- Ford Bronco, Maverick Recalls for Front Suspension Failures
- Fires Park Outside! – Chrysler Pacifica Plug-In Hybrid EVs
- UAW Local 2093 Members Ratify New American Axle Contract
- Data Center Tax Abatements Threaten State Budgets and You
- Affordability – Used Vehicle Prices Hit Three Year High!
- Why Wars Are Costing Motorists So Much
- Mixed Results on Trump Auto Tariff, Policy Scorecards
- Striking UAW Reaches Tentative Agreement at American Axle
- Large Honda and Acura Recall Started for Suspension Failures
- Harley‑Davidson On-Shoring Motorcycle Production
- Vehicle Affordability – Price Increases Small as Incentives Grow
- Beware! Catalytic Converters are Pursued by Thieves
- Magna CEO Swamy Kotagiri Speaking on Decisions That Will Shape the Next Decade of Automotive Manufacturing
- First Look – Audi Tazio Nuvolari Hybrid Super Car
- Trump Thumped – U.S. Air Carriers Fuel Costs Climb 26%!
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Tag Archives: ford uaw contract
Ford Common Stock Dividend Coming Next Year?
Ford previously maintained it would not restore the divided until it achieved an investment-grade rating, CFO Lewis Booth said, omitting that a dividend payment was forbidden under covenants for previously issued bonds that kept it out of bankruptcy during the Great Recession. Those bonds presumably have been or will be paid off. Ford still has $14 billion in debt according to its latest SEC filing. Continue reading
Follow The Leader – Ford Reinstates Earnings Guidance
Ford (NYSE: F) has a new, post-UAW-strike outlook for full-year 2023 operating results it said this morning after GM provided an unexpectedly strong one yesterday. Ford withdrew 2023 financial guidance in late October during the UAW strike of some notably profitable US operations. Ironically, the new forecast by Ford CFO John Lawler was given at the Barclays Global Automotive and Mobility Tech Conference, following a presentation by Paul Jacobson, GM EVP and Chief Financial Officer. Yesterday GM increased its 2024 dividend while minimizing the effect of the UAW strike tallied at $1.1 billion. GM said full-year net income was forecast between $9.1 billion and $9.7 billion, down from $9.3 billion and $10.7 billion.
Ford now projects full-year adjusted EBIT of $10.0 billion to $10.5 billion, and adjusted free cash flow of between $5.0 billion and $5.5 billion. Both are non-GAAP financial measures Although affected U.S. operations have been restarted, guidance reflects effects of strike-related manufacturing disruptions on wholesales and revenue. Ford was silent on the dividend. Continue reading →