Ford executives on Friday said negotiations with the United Auto Workers are progressing, with the two sides getting closer on wages and benefits.
At a virtual briefing for reporters, Ford CEO Jim Farley and top executive Bryce Currie said a deal is near, even if major issues are pending.
Ford Chief Financial Officer John Lawler simply said bringing back pensions is “not going to happen.” Stellantis, the parent company of Fiat, Dodge, Chrysler and Jeep, was spared an additional strike because UAW President Shawn Fain said the union has made progress in contract talks with the Italian-American conglomerate.
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