United Auto Workers members working at Ford plants will receive larger profit-sharing checks this year despite the 2023 auto strike. Ford announced Tuesday that hourly employees will receive an ...
Ford will take a one-time expense of $600 million in the fourth quarter to pay for the upfront costs of its new UAW contract. However, the deal offers the automaker some advantages over the next ...
The BlueOval SK plant, owned by a partnership of South Korea's SK On and Ford, is the latest battery battleground for the ...
A year ago, the Detroit-based union went on strike against Stellantis, General Motors Co., and Ford Motor Co. The UAW targeted key factories that produce the bulk of profits at the automakers.
With GM issuing 2024 profit guidance that matched its initial pre-UAW strike outlook for 2023, investors will be watching to see if Ford can do the same, or even improve. Prior to the strike ...
But even after much back-and-forth with Ford, GM, and Stellantis, it appears the two sides may not reach an agreement by Thursday night, triggering a strike. The UAW can strike in a few ways ...
Ford was the ... s the point of a strike: for it to be costly for the employers. In comparison, the UAW calculates that the Big Three made a combined total of $21 billion in profit in the first ...
Only Ford workers can strike, that company having avoided bankruptcy and its restrictions, and they may do so if the deal is not approved by the majority. As of this writing, the UAW Ford ...
The UAW said 99 percent of its members at the Detroit Axle plant voted Jan. 15 to authorize a strike against Daimler Truck ...
The UAW began strikes against GM, Ford and Stellantis ... Last week, GM said the strike action was expected to cost it about $200m (£164m) each week. The company also withdrew profit forecasts ...
Opinions expressed by Forbes Contributors are their own. I am grounded in autos but range broadly. United Auto Workers president Shawn Fain continued to roll out unprecedented tactics on Friday ...