Ford CEO: No counteroffer by union - Breaking The News
Download our appPlay StoreApp Store

Ford CEO: No counteroffer by union

EPA-EFE/NIC ANTAYA

Ford Motor Company CEO Jim Farley said on Thursday that the carmaker did not receive a counteroffer from the United Auto Workers union or its President Shawn Fain.

Only seven hours before the expiry of labor contracts that should be negotiated more intensively, "nothing is going on," Farley told CNBC. "In 80 years, we've always been able to work through these differences" but now, "when we get to these marquee money issues, everything stops" in the negotiations, he pointed out.

"It's a mystery... we've been negotiating with ourselves since [August] 29, for two weeks," Farley also revealed.

Related Stocks
Ford Motor Co
Related News
BMW sales drop 4% in 2024
The BMW Group delivered 2,450,804 vehicles in 2024, down 4% compared to the previous year, the automaker said in a report on Monday.However, the company revealed that its fully electric vehicle sales jumped by 13.5% in 2024, reaching 426,594 units. The BMW brand delivered 368,523 fully electric vehicles to customers, up 11.36% compared to 2023, while sales of MINI electric cars increased by 24.3% on an annual basis, landing at 56,181 units. The...
China car sales jump 4.5% in 2024
The China Association of Automobile Manufacturers (CAAM) said in a report on Monday that the country's vehicle sales rose by 4.5% in 2024, reaching 31.43 million units.The CAAM further noted that China sold 3.489 million vehicles in December 2024, surging 5.2% compared to November and 10.5% compared to December 2023.Additionally, the organization revealed that China's new energy vehicle (NEV) sales soared 35.5% in 2024, reaching 12.86 million units. In...
Stellantis aims to reverse declining US sales in 2025
Stellantis N.V. is focusing on reversing its declining US sales and market share in 2025, with the company's top priority being the growth of US retail sales after years of diminishing performance in its largest and most crucial market.Antonio Filosa, head of North American operations, stated in an interview with CNBC on Thursday that Stellantis will pursue this goal by restructuring its leadership team, strengthening relationships with dealers, offering more...
VW's deliveries down 1.4% to 4.8M vehicles in 2024
Volkswagen AG announced on Thursday that it distributed 4.8 million vehicles to customers in 2024, a decrease of 1.4% from the previous year.The carmaker sold 383,100 battery electric vehicles (BEVs) in 2024. Delivery statistics across global regions showed China with 2,198,900 vehicles delivered, marking an 8.3% decline. In Europe, the delivery count stood at 1,254,500, a reduction of 1.7% compared to the prior year. North America experienced an...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.