Shares of Ford Motor Co. F, -1.19% and General Motors Co. GM, -0.92% traded lower midday Thursday with just hours to go on their autoworkers’ current contract.
United Auto Workers President Shawn Fain said yesterday automakers and union representatives remain far apart in negotiations, and the union would not extend the contract’s 11:59 p.m. expiration on Thursday. The UAW was keeping its options “open,” Fain told the membership late Wednesday, prepared to strike at all three companies, including Stellantis NV STLA, -1.05%, or move to targeted labor actions involving specific plants.
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Ford's and Tesla's stocks gain, American Airlines, Netflix and Nio shares fall, and other stocks on the moveShares of Ford, Tesla, American Airlines and Netflix were active Wednesday.
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Ford stock boosted by UBS upgrade, Nio shares drop on probe, and other stocks on the moveFord, General Motors, Apple and Rocket Pharmaceuticals are active.
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