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F / United Auto Workers union forgoes adding new strike targets but warns of surprise walkouts to come for Detroit automakers

United Auto Workers union forgoes adding new strike targets but warns of surprise walkouts to come for Detroit automakers
The United Auto Workers will not add new plans to its ongoing strike of the big three automakers, but UAW President Shawn Fain warned that surprise walkouts could become the norm going forward.  Earlier this week, the union shut down the Ford Motor Company (NYSE:F) Kentucky Truck plant, which employs 8,700 workers and produces Super Duty pickups and Lincoln Navigator SUVs, two high-margin vehicles for the automaker. Read More
Posted: Oct 13 2023, 12:57
Author Name: Proactive Investors
Views: 112363

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UAW has Tesla, Toyota in its sights after contract wins at Detroit automakers

By CNBC
November 3, 2023

UAW has Tesla, Toyota in its sights after contract wins at Detroit automakers

Fain plans to use record contracts recently won with GM, Ford and Stellantis to assist in the union's embattled organizing efforts elsewhere. more_horizontal

Ford credit rating upgrade to boost demand for US investment-grade bonds -analysts

By Reuters
November 3, 2023

Ford credit rating upgrade to boost demand for US investment-grade bonds -analysts

The restoration of Ford Motor Co's investment-grade credit rating this week after almost four years as a "junk"-rated company is set to boost demand f more_horizontal

Ford shutters company building an app for plumbers, electricians and other trades

By TechCrunch
November 2, 2023

Ford shutters company building an app for plumbers, electricians and other trades

Ford has shut down VIIZR, a software-as-a-service company that along with Salesforce built an app to help tradespeople like plumbers, locksmiths and e more_horizontal

Ford and GM inventories rise despite UAW strike, but demand concerns linger

By Market Watch
November 2, 2023

Ford and GM inventories rise despite UAW strike, but demand concerns linger

The Big Three U.S. carmakers saw inventories rise despite the six-week-long United Auto Workers strike, but worries that consumers are pinched have li more_horizontal

This Stock Has A 6.05% Yield And Sells For Less Than Book

By Forbes
November 2, 2023

This Stock Has A 6.05% Yield And Sells For Less Than Book

the recent Ford share price of $9.91 represents a price-to-book ratio of 0.9 and an annual dividend yield of 6.05% more_horizontal

Ford reports lower US vehicle sales in October

By Reuters
November 2, 2023

Ford reports lower US vehicle sales in October

Ford reported a 5.3% drop in total U.S. vehicle sales in October after the United Workers Union (UAW) staged walkouts at some of the company's plants more_horizontal

Why Ford Stock Tumbled 22% in October

By The Motley Fool
November 1, 2023

Why Ford Stock Tumbled 22% in October

Ford reached an agreement with the United Auto Workers to end the strike but pulled its guidance. The company said it would delay $12 billion in EV in more_horizontal

UAW workers end 6 week strike against Detroit automakers, here's what it means for the EV transition

By Yahoo Finance
November 1, 2023

UAW workers end 6 week strike against Detroit automakers, here's what it means for the EV transition

Autoworkers have concluded a six-week strike, securing tentative agreements with Detroit's major automakers—Ford (F), Stellantis (STLA), and General more_horizontal


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