UAW’s surprise strike could ‘force Ford’s hand’
The United Auto Workers extended their strike on Wednesday night and it could mean trouble for Ford.
Yahoo Finance’s Pras Subramanian reports
The UAW called an unplanned walkout at Ford’s sprawling Kentucky Truck Plant, a massive escalation because this plant builds Ford’s F-250 through F-550 super duty trucks, Expedition SUV, and Lincoln Navigator SUV. While the top selling F-150 was spared, Ford says Kentucky Truck plant is responsible for $25 billion in revenue annually.
The UAW said in a statement the strike at Kentucky Truck was called after Ford “refused to make further movement in bargaining,” marking a new phase for the stand up strikes. “If they can’t understand that after four weeks, the 8,700 workers shutting down this extremely profitable plant will help them understand it,” Fain said.
Ford’s response came quickly on Wednesday night: the automaker called the UAW’s latest move “grossly irresponsible,” but…
2023-10-12 15:03:58
Article from finance.yahoo.com/news/stocks-break-win-streak-bond-yields-rise-as-cpi-inflation-holds-steady-stock-market-news-today-200358907.html” target=”_blank” style=”color:blue” rel=”noopener”>finance.yahoo.com
rnrn