"Ford CEO Considers Future Factory Locations After UAW Strike"

Ford CEO Jim Farley stated that the company's relationship with the United Auto Workers has changed following last year's strike, prompting careful consideration of future manufacturing locations. The strike resulted in significant wage gains for workers, contributing to Ford's $7 billion annual cost disadvantage compared to competitors. Ford is focusing on cutting manufacturing costs and shifting its electric vehicle strategy towards smaller, lower-priced EVs and work vehicles. The company is developing a smaller, more affordable EV and expects its next generation of electric vehicles to be released between 2025 and 2027.