Jim Cramer Predicts Ford May Move Production Amid UAW Strike: 'If They Don't Come To The Table Soon, Mexico Will Be In Play'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, an industry expert, has suggested that Ford Motor Company may consider moving additional production to Mexico if the United Auto Workers (UAW) and Ford do not reach an agreement soon. The ongoing UAW strike, which started on Sep.15, has affected several plants operated by Ford, General Motors, and Stellantis. Ford CEO Jim Farley expressed disappointment over the stalled negotiations, accusing the UAW of holding the deal “hostage over battery plants” for electric vehicles.
October 06, 2023 | 7:22 am
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NEGATIVE IMPACT
The ongoing UAW strike has affected General Motors' plants, potentially disrupting production.
The ongoing UAW strike has affected General Motors' plants. This could disrupt production and negatively impact the company's revenues and profitability, which could potentially lead to a decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Stellantis' plants have been affected by the ongoing UAW strike, potentially disrupting production.
The ongoing UAW strike has affected Stellantis' plants. This could disrupt production and negatively impact the company's revenues and profitability, which could potentially lead to a decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Ford may consider moving production to Mexico if the UAW strike continues, which could potentially reduce labor costs but may also face backlash.
The ongoing UAW strike could push Ford to move production to Mexico. This could potentially reduce labor costs, but it could also lead to backlash from unions and the public. The impact on the stock price is uncertain as the potential cost savings could be offset by negative public sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100