Jim Cramer says Ford may eventually look to shift some production to Mexico amid UAW strike
Publishing timestamp: 2023-10-05 11:42:05
Summary
The article discusses the ongoing strike by the United Auto Workers (UAW) against the Detroit Big 3 automakers, including Ford. CNBC's Jim Cramer suggests that if the negotiations between Ford and UAW do not progress soon, Ford may consider shifting additional production to Mexico. Tensions are high between UAW and the automakers, and the strike has expanded to affect more plants. Ford's CEO, Jim Farley, believes that a compromise could have been reached on pay and benefits, but the UAW is holding the deal hostage over battery plants for electric vehicles.
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Keywords: jobs, general motors co, business news, breaking news: markets, stock takes, investment strategy, jim cramer, markets, ford motor co, stellantis nv, investingclubsample, autos,