Ford Motor Company’s shares, listed on the New York Stock Exchange, fell by more than two percent during pre-market trading on Thursday.
What is the reason for this decline?
Ford shares fell after the United Auto Workers Union announced the expansion of its strike and the cessation of work at the company’s factory in Kentucky, which is its largest factory in the world, in addition to halting the production of small trucks.
A statement by the company, which refused to compromise on the workers’ demands, said that the decision to strike was largely irresponsible, but not surprising.
2023-10-12 13:45:45
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