Wall St Journal headline. The new Ford-UAW contract allows Ford to hire new workers on at about $15 an hour. Ford is going to beef up production in Michigan and start assembly the new Fusion in Michigan. Up until now Fusions were only produced in Mexico. Another Ford plant in Kentucky will assemble vans which are currently assembled overseas. Ford also announced plans to manufacture a transmission currently purchased in Japan, and oil pumps currently made in China.
Could it be that the UAW managed to price itself out of business and is just coming back to its senses?
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