UAW Strike Threatens GM and Ford's Financial Strategies

The United Auto Workers (UAW) escalated its strike against Ford, shutting down the company's Kentucky Truck Plant, which produces F-Series Super Duty trucks, Ford Expeditions, and Lincoln Navigators. This move affects Ford's largest and most profitable operation, causing significant financial losses estimated at $247 million per week. The UAW is demanding a 40% raise for its members over four-year contracts, and Ford has increased its wage hike offer to 23%. The strike, which also includes General Motors and Stellantis, has resulted in the shutdown of six assembly plants and 38 parts depots, impacting around 34,000 union workers.