Business Highlights: A summary of the day’s top stories in the business world.
DETROIT — Ford Motor Co. Executive Chairman Bill Ford called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future. In a rare speech during contract talks in Dearborn, Michigan, Ford said high labor costs could limit future investments. The great-grandson of company founder Henry Ford said that will cost many jobs and America will also lose.
NEW YORK — U.S. stocks rallied as some of last week’s moves driven by worries about war in the Middle East unwound. The S&P 500 climbed 1.1% Monday. The Dow rose 314 points, and the Nasdaq composite added 1.2%. Treasury yields rose after tumbling last week on worries that fighting in Gaza will escalate. Crude oil prices dropped, and gold also slipped as last week’s flight toward safer investments waned.
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Ford Chairman Bill Ford calls for deal to end UAW strikeFord Chairman Bill Ford calls for deal to end UAW strike
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'This Should Not Be Ford vs UAW': Bill FordFord Motor Co. Executive Chairman Bill Ford called on autoworkers to come together to end a monthlong strike that he says could cost the company the ability to invest in the future.
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Ford Chairman Bill Ford calls for deal to end UAW strikeFord (F.N) executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike and reach a new labor agreement, and warned of the growing impact to the automaker and the U.S. economy.
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Ford Chairman Bill Ford calls for deal to end UAW strikeFord Executive Chairman Bill Ford on Monday urged the UAW to end a 32-day strike, and warned of the growing impact to the automaker and the U.S. economy.
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Ford scion Bill Ford urges UAW to end strike: 'We can stop this now'Ford said Toyota, Honda, Tesla and other automakers “are loving this strike because they know the longer it goes on, the better it is for them.”
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