Ford CEO Jim Farley accused the United Auto Workers (UAW) union of holding up negotiations over future electric vehicle (EV) Battery Plants. The UAW announced expanded strikes at Ford and General Motors assembly plants, prompting Farley to criticize the union's strike strategy. Farley claimed the original strike was premeditated and accused the UAW of being uninterested in reaching a deal. UAW President Shawn Fain responded, stating that Farley had not been present at the bargaining table and accused him of lying about the state of negotiations. The negotiations involve crucial multibillion-dollar EV battery plants that are important for the automotive industry's future.

The post Ford CEO says UAW is ‘holding the deal hostage’ over EV battery plants appeared first on Balanced News Summary.