Ford’s Lucrative Pickup Plant Hit by Major Strike Escalation (2)

Ford Motor Co. became the latest strike target for the United Auto Workers after members walked out of its largest plant, a highly profitable pickup factory in Kentucky.

The union announced the surprise walkout by 8,700 workers at Ford’s Kentucky Truck Plant in a post on social media Wednesday evening. The plant generates $25 billion a year in revenue, making the higher-priced Super Duty versions of F-Series pickups and Lincoln Navigator and Ford Expedition large sport-utility vehicles.

Ford Motor Co. became the latest strike target for the United Auto Workers.

Source: Bloomberg

Ford shares fell 2.8% Thursday to $11.91 as of 9:35 a.m. in New York. The stock has declined more than 20% since ...