Ford (F) Halts Construction Of $3.5B E.V. Battery Plant As UAW Strike Looms On

President Biden is set to join the UAW picket line in Michigan. Additionally, former President trump is scheduled to speak to UAW members on Wednesday. Renita Young discusses this as the UAW strike enters its 12th day. She talks about how Ford (F) is halting construction of a $3.5B E.V. battery plant in Michigan. Ford says they are pausing construction until they are “confident about our ability to competitively operate the plan.” The UAW responded, “we are simply asking for a just transition to electric vehicles, and Ford is instead doubling down on their race to the bottom.” Tune in to find out more about the stock market today.