Ford loses $1.7B in Q4 on pension charge, UAW contract costs

The automaker posted a small profit for the year, even though earnings before interest and taxes plummeted 67 percent in the fourth quarter. Ford’s North American earnings fell 64 percent to $700 million, mostly due to UAW contract costs, warranty expenses and problems with the launch of the redesigned Explorer and Aviator crossovers.

source https://www.autonews.com/manufacturing/ford-loses-17b-q4-pension-charge-uaw-contract-costs