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Wednesday, 30 October 2019

Ford confirms tentative agreement, but declines further comment in statement

October 31, 2019

DETROIT (Reuters) – Ford Motor Co <F.N> and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co <GM.N> about $3 billion.

The union turned to Ford to negotiate a new four-year agreement after ratifying a contract last week with GM following a 40-day U.S. strike that shut down almost all of GM’s North American operations.

(Reporting by Ben Klayman; Editing by Shri Navaratnam)

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