Explore stories from Atlantic Canada.
SaltWire's Atlantic regional weather forecast for October 26, 2023 | SaltWire - Ford Motor Co on Thursday withdrew its full-year results forecast due to the pending ratification of its deal with the United Auto Workers union, sending shares of the company down 7% in aftermarket trade.
The union and Ford on Wednesday reached a tentative agreement that included a 25% wage hike for 57,000 workers over 4-1/2 years, ending a strike at some of the automaker's biggest factories. The total economic loss from the strikes at the Detroit Three automakers has reached $9.3 billion, consultancy Anderson Economic Group said earlier this week.
Ford's Detroit rival General Motors on Tuesday withdrew its 2023 profit outlook due to the strike. Later in the day, the UAW expanded the strike to include the automaker's assembly plant in Texas that builds its profitable full-size sport utility vehicles.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ATLANTIC ECONOMIC COUNCIL: Another challenging year for Atlantic Canada’s economy in 2024Explore stories from Atlantic Canada.
Read more »
Exclusive-Vietnam eyes China model to seek index upgrade, boost investmentExplore stories from Atlantic Canada.
Read more »
Anti-Black racism is rising in EU countries, led by Germany, study findsExplore stories from Atlantic Canada.
Read more »
- What you need to know about Indonesia's presidential electionExplore stories from Atlantic Canada.
Read more »
Anti-Black racism is rising in EU countries, led by Germany, study findsExplore stories from Atlantic Canada.
Read more »
- What you need to know about Indonesia's presidential electionExplore stories from Atlantic Canada.
Read more »