by ZeroHedge News Staff at ZeroHedge
Ford Motor Company shares fell in premarket trading after United Auto Workers significantly escalated its strikes against the automaker by targeting its largest and most profitable plant.
On Wednesday evening, 8,700 UAW members walked off the job at the highly profitable SUV and truck plant in Louisville, Kentucky. The plant produces Ford Super Duty pickups, the Ford Expedition, and the Lincoln Navigator SUVs.
UAW wrote in a statement, “The strike was called by UAW President Shawn Fain and Vice President Chuck Browning after Ford refused to make further movement in bargaining.” The union called last night’s announcement a “surprise move” and “marks a new phase in the UAW’s Stand Up Strike.”
The union told Bloomberg in an emailed statement that the strike against the sprawling Kentucky factory was called “after Ford refused to make further movement in bargaining.”…
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