However, CNBC's Jim Cramer acknowledged Thursday that 'there is some movement between Ford and the UAW.'
As the United Auto Workers strike against the Detroit Big 3 persists, CNBC's Jim Cramer said Thursday he believesHowever, Cramer said, "I have a feeling that, if they don't come to the table soon, Mexico will be in play."
Cramer suggested that could occur within "a couple of weeks," while noting Ford already has assembly plants south of the border. Ford did not immediately respond to CNBC's request for comment Thursday. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns Ford shares.. Since the UAW's targeted strike began on Sept. 15, the union has twice expanded the number of plants affected by work stoppages.
Last week, Ford CEO Jim Farley described the state of negotiations with the UAW, saying at a press briefing that he believed both sides "could have reached a compromise on pay and benefits, but so far the UAW is holding the deal hostage over battery plants" for electric vehicles.
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