US industrial production declined more than expected in October, with the auto workers strike exerting downward pressure on a range of market groups, the Federal Reserve said Thursday.
The strike, which started on Sept. 15, involved more than 45,000 autoworkers at its peak.
Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion.
Meta, Alphabet and Microsoft are among companies reporting earnings; new home sales and pending home sales will be released.
The US auto workers union expanded a potentially economically and politically damaging strike against two of Detroit's "Big Three" on Friday -- and invited President Joe Biden to support workers on the picket line.
Musk gives Ford access to Tesla's US chargers
Ford reports solid profits but sees pricing strength ebbing
Ford Motor Co said on Wednesday that four of its six electric and plug-in electric hybrid models will see tax credits halved to $3,750 on April 18 after new U.S.
Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.
The once-derelict Michigan Central Station will become a Ford innovation campus in 2023.
The issue with electric vehicle can be found in the supply chain.
Ford Motor Company has raised the price of its electric truck, the F-150 Lighting Pro. This is the third price increase for the model in a year.
Ford is ending the production of its GT supercar, celebrating with a limited edition release.
Ford Motor Co. is delaying delivery of its popular F-series pickup truck and other models because of a parts shortage, an ongoing problem for the industry.
Ford has issued a recall for thousands of SUVs after receiving 25 reports of fires.
Into the next decade, a Reuters analysis predicts that carmakers will spend over a half a trillion on electric vehicles and their parts.
“Maverick challenges the status quo and the stereotypes of what a pickup truck can be,” Todd Eckert, Ford truck group marketing manager, said.
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Thousands protest closure of Ford factories in Brazil
Ford to close all its factories in Brazil