UAW Shuts Down Ford's Most Profitable Plant as Strikes Escalate, Costing Automaker Millions

UAW escalates strike action against Ford by shutting down Kentucky Truck Plant, Ford's most profitable facility generating $25 billion in annual revenue.

Ford shares have fallen 5% amid strike, Bank of America estimates Kentucky plant shutdown alone will cost Ford $247 million per week.

UAW launched strikes against Ford, GM, and Stellantis on Sept. 15, has shut down 6 assembly plants and 38 parts depots so far.

Around 34,000 of 150,000 Big Three union workers currently on strike, UAW threatens to expand strike nationwide.

UAW asking for 40% wage hikes over 4 years, Ford has offered 23% - more than GM and Stellantis.