Ford Motor (F) Appoints Peter Stern as Head of Ford Integrated Services
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UAW to hold a vote authorizing a strike as talks continue at slow pace
August 15, 2023 2:01 PM EDTUnion President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.
The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More
Morgan Stanley remains Bullish as Ford (F) plans JV in China
August 15, 2023 8:42 AM EDTMorgan Stanley reiterated an Overweight rating on Ford Motor (NYSE: F) with a 12-month price target of $16.00 after documents released by China market regulators revealed that the automaker plans to setup a new-energy passenger car joint venture (JV) with state-owned Chongqing Changan Automobile.
According to this new JV, Changan Ford Motor will hold a... More
Biden calls on automakers and union to come together on 'a fair agreement'
August 14, 2023 1:52 PM EDTWith just a month remaining until the expiration of contracts, Detroits Big Three and the United Auto Workers (UAW) union are still at odds, struggling to reach a mutual understanding. On Monday, U.S. President Joe Biden urged both the automotive union and the corporations they are associated with to come together on an agreement soon.
"Im asking all sides to work together to forge a fair agreement," Biden... More
Ford (F) hires former Apple (AAPL) exec to lead new business unit
August 14, 2023 10:20 AM EDTFord Motor (NYSE: F) announced Monday the appointment of former Apple executive, Peter Stern to head a recently established division dedicated to developing consumer software and the advancement of hands-free highway driving technology.
Stern, who most recently served as vice president of services at Apple, overseeing Apple TV+, iCloud and Apple News+, will... More
