Ford Motor Co F shares are trading lower by around 0.9% to $12.19 Monday afternoon. Shares of automakers, including Ford, have been volatile in recent sessions amid United Auto Workers (UAW) talks.
News of a strike can have a negative impact on market sentiment and investor confidence in the company’s future prospects. Investors may worry about the company’s ability to negotiate with labor unions, manage labor disputes and maintain stable production in the long term.
What’s Going On With The UAW?
As the U.S. auto industry and broader economy recover from the pandemic and semiconductor shortages, a potential UAW strike could result in economic damage and higher inflation, Bloomberg reported.
A potential strike could also impact car model availability and prices, which had been gradually decreasing from record levels.
If the UAW goes through with its threat to strike all three companies, the impact could be much wider, affecting suppliers, workers and commodity prices, particularly steel…Read More
According to data from Benzinga Pro, Ford Motor has a 52-week high of $15.74 and a 52-week low of $10.90.
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