Ford Stock Is Falling Thursday: What's Driving The Action?
Portfolio Pulse from Adam Eckert
Ford Motor Co's shares are trading lower after the United Auto Workers (UAW) union expanded strikes to the company's truck plant in Kentucky. The strikes were called after Ford failed to provide a counteroffer in labor negotiations. The Kentucky truck plant, which is considered the most profitable plant in the U.S. among all automakers, represents 19.7% of Ford's total U.S. production.
October 12, 2023 | 2:29 pm
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Ford's stock price is likely to be negatively impacted in the short term due to the expanded strikes by the UAW at the company's Kentucky truck plant.
The strikes at Ford's Kentucky truck plant, which is considered the most profitable among all U.S. automakers, could significantly disrupt the company's production and revenues. This is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100