After a series of victories against the Detroit Three automakers last fall, United Auto Workers (UAW) President Shawn Fain is now trying to use his influence to organize other U.S. auto factories that have stayed out of the union's ambit. The UAW has tried and failed for years to organize nonunion U.S. auto factories, most of them built by Asian and European automakers in southern U.S. states where so-called right-to-work labor laws make it optional for workers to pay union dues.
The U.S. auto industry needs regulatory certainty from politicians in Washington and the back and forth as the White House changes hands doesn't help, but the adoption rate of electric vehicles will continue to grow, Ford Motor's executive chairman Bill Ford said on Wednesday. The growth rate on EV sales has slowed, but globally they are being adopted quickly and Ford will follow even as it hedges it bets with its gasoline-powered and hybrid electric vehicles, he said at a Detroit Free Press event outside Detroit.
Ford Motor (F) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.