U.S. legacy automaker Ford (F) and the United Auto Workers (UAW) have reached a tentative agreement for the Kentucky Truck Plant, avoiding a strike that could have affected approximately 9,000 workers. The resolution comes after more than five months of negotiations following the local contract expiration.The strike notice issued by the UAW on Feb 16 over local contract concerns, including health, safety and skilled trades jobs, spurred urgency in negotiations. Evan Palmer, a UAW representative involved in ...

ToplineThe United Auto Workers and Ford have tentatively agreed on a new local contract for workers at the automaker’s Kentucky truck factory, one of the company’s most important plants, staving off what would have been the second strike at the facility in months.LOUISVILLE, KY-OCTOBER 27: The all-new 2018 Ford Expedition SUV goes through the assembly line at ... [+] the Ford Kentucky Truck Plant October 27, 2017 in Louisville, Kentucky. (Photo by Bill Pugliano/Getty Images)Getty Images Key FactsThe UAW ann ...

Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023.Ford and a United Auto Workers local union reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant.The UAW had threatened that nearly 9,000 workers at Ford's Kentucky truck plant would strike on Friday if local union demands were not resolved.The UAW said Tuesday the deal addresses local issues related to skilled trades, ergonomics and health and safety. ...

In the last five years, the S&P 500 has climbed 80% (as of Feb. 16), a figure that excludes dividends. That's a respectable gain that investors can be encouraged by -- but not all businesses have fared this well.Look at Detroit automaker Ford (F -0.41%). Its shares have climbed by just 44% since February 2019. If we zoom out even further and look at the last 10 years, investors actually lost money.As we set our sights on the next five years, there's a chance that this auto stock could double, producing an a ...

Ford Motor Co. on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The No. 2 U.S. automaker's lowest-price 2023 model year Mach E version now has a suggested retail price of $39,895, down from $42,995. The higher-end Mach-E GT spec will cost about $7,600 less, at $52,395. Other versions including the extended-range premium version will drop in price by $8,100 to $48,895. Ford said the price cuts come as the automaker continues "to adapt t ...

The automotive industry is a bedrock of American manufacturing. Arguably, no domestic automotive brand is more recognized than Ford Motor Company (F -1.76%). The company's founder, Henry Ford, invented the automotive assembly line, and consumers have driven the Blue Oval since the early 1900s.That longevity and sentimental value make the stock popular among investors. But does Ford's impressive history translate to life-changing investment returns?It hasn't worked out that way in recent years. I've identifi ...

Detroit, MI, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The College for Creative Studies (CCS) is proud to announce the successful completion of two groundbreaking projects sponsored through the Transportation Design program during the Fall 2023 semester. These two projects, carried out separately in collaboration with Ford and Gravity Sketch and  American Chemistry Council, demonstrate the College's commitment to fostering creativity, sustainability, cutting-edge design and innovation for the future of automotive t ...

United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.DETROIT – The United Auto Workers is threatening a labor strike at Ford Motor's largest U.S. plant if local union demands aren't resolved by next week.The Detroit union on Friday said nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant could strike at 12:01 a.m. on Feb. 23 if local contract issues remain. The plant — Ford's largest in terms of employm ...

The CEOs of leading U.S. automakers Ford and GM signaled Thursday they’re open to considering partnerships to lower the cost of electric vehicle technology to compete with low-cost Chinese EVs looking to the U.S. and European markets. "If there’s ways that we can partner with others, especially on technologies that are not consumer-facing, and be more efficient with R&D as well as capital, we’re all in," GM CEO Mary Barra told investors at a conference sponsored by Wolfe Research.Ford CEO Jim Farley also op ...

Snap (NYSE:SNAP) stock plummeted 30% last week after announcing lackluster 2024 guidance. First-quarter sales are expected to grow only 13% to $1.11 billion, barely half of what rivals like Meta Platforms (NASDAQ:META) expect. Analysts expect profits at the Santa Monica-based firm to hit just $205 million this year, a quarter of its 2021 peak.At its core, Snapchat faces a popularity problem. Rival platforms like TikTok and Instagram are keen innovators, and teens have increasingly turned to these video-firs ...