UAW reaches deal with GM, ends coordinated strikes against Detroit automakers
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Shares fall after Ford (F) cuts FY23 forecast on wider EV losses
October 27, 2023 11:22 AM EDTFord Motor (NYSE: F) shares plummeted 6% during Friday's pre-market trading session following a report of increased losses in its electric-vehicle (EV) division.
The Detroit automaker attributed the losses to intensified competition triggered by Tesla's (NASDAQ: TSLA) aggressive pricing strategies.
Additionally, Ford retracted its 2023 projection, citing uncertainties surrounding... More
Ford (F) reaches tentative deal with UAW to end strike after 6 weeks
October 26, 2023 9:12 AM EDTFollowing almost 6 weeks of strikes, Detroits Ford Motors (NYSE: F) and the United Auto Workers union announced late on Wednesday that the two have come to a tentative agreement on the terms of a new labor contract.
While the final details of the agreement are still being prepared, analysts at Barclays remain Neutral on the automaker as they believe the headline terms are likely already priced into the stock.
The UAW also announced... More
