Will Ford (F) Kill UAW Deal?
The Detroit News is reporting that Ford (F) does not want the same deal that the UAW offered GM (GM). It wants a much better one. That might PO the union. As a matter of fact, it probably will.
The union could go along with a better deal with Ford, but GM might resent that. According to DetNews “executives at Ford Motor Co.already worry that it (GM’s deal) may not cut costs deep enough for them.”
“Of course, GM would scream bloody murder,” said Sean McAlinden, chief economist for the Center for Automotive Research.
The labor deal with the car companies is not done yet, Not by a long shot.
Douglas A. McIntyre