All articles tagged with #cost impact
Constellation Brands anticipates a $20 million cost impact due to a 50% aluminum tariff imposed by the US, affecting margins and primarily impacting their beer packaging costs, with the company unable to fully offset these additional expenses amid softer demand and changing consumer habits.
Ford Motor has reinstated its 2023 guidance, projecting adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion and adjusted free cash flow of $5 billion to $5.5 billion. The company expects the United Auto Workers (UAW) labor agreement to cost $8.8 billion over the contract's lifespan, with an additional $900 in costs per assembled vehicle by 2028. Ford plans to cancel or postpone $12 billion in investments related to electric vehicles. The UAW agreement includes pay raises, cost-of-living adjustments, and enhanced profit-sharing payments.