Ford CEO says company will 'think carefully' about where it builds vehicles after UAW strike

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Ford CEO Jim Farley says the company is thinking carefully about where it will build future vehicles after it was the first to have a plant shut down as a result of the United Auto Workers strike.

Ford's top boss, CEO Jim Farley, said Thursday that the company will "think carefully" about where it builds future vehicles following the United Auto Workers strike. The strike came with a heavy price for the Detroit automaker. For one, the company's Kentucky Truck Plant in Louisville was the first to shut down when thousands of UAW union members walked off the job.

They went through bankruptcy, and they moved production to Mexico and other places. So it has always been a cost for us. And we always thought it was the right kind of cost," he said. UAW HITS GM AGAIN, STRIKING AT AUTOMAKER'S LARGEST PLANT The moment Ford's plant shut down was a "watershed moment." "Really, our relationship has changed," Farley told the conference. "Does this have business impact? Yes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines