Automotive giant Ford Motor Co (NYSE:F) was one of the Big 3 auto companies targeted with strikes by the UAW union in 2023.
The impact of the strikes continues to sort itself out for Ford's financials and future operations. Here's what CEO Jim Farley had to say.
What Happened: The UAW strike will see higher wages paid to Ford workers, which could impact margins and Ford's future investments. The topic was touched on Thursday by Farley speaking at a conference.
"Our reliance on the UAW turned out to be we were the first truck plant to be shut down," Farley said, as reported by the Associated Press. "Really our relationship has changed. It's been a watershed moment for ...