Jim Cramer Warns Ford Could Impose Lockout As UAW Strike Enters Day 4: 'Playing With Fire'
Portfolio Pulse from Benzinga Neuro
The ongoing strike by United Auto Workers (UAW) has entered its fourth day, and CNBC's Jim Cramer warns that Ford Motor Company may resort to a lockout. Ford, which has the most UAW members among Detroit’s Big Three automakers, temporarily laid off nearly 600 employees at its Michigan Assembly Plant due to the strike. The stalled negotiations occur as Ford, GM, and Stellantis are racing to boost their electric vehicle production amidst a price war. Ford’s CEO, Jim Farley, expressed last week that UAW demands could bankrupt the company.
September 19, 2023 | 6:30 am
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NEGATIVE IMPACT
Ford may resort to a lockout due to the ongoing UAW strike. The company's CEO has expressed that UAW demands could potentially bankrupt the company.
The ongoing strike and potential lockout could disrupt Ford's operations, leading to financial losses. The CEO's statement about potential bankruptcy indicates the severity of the situation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
General Motors is also affected by the ongoing UAW strike, which could disrupt its operations.
The ongoing strike could disrupt GM's operations, leading to potential financial losses.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Stellantis is also affected by the ongoing UAW strike, which could disrupt its operations.
The ongoing strike could disrupt Stellantis's operations, leading to potential financial losses.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70