Ford Faces Showdown Over Its Spinoff Proposal
Ford Motor Co. faces a possible showdown in national contract talks with the United Auto Workers over the potential spinoff of the No. 2 automaker’s Visteon Automotive Systems parts unit.
The union has scheduled an Aug. 17 strike-authorization vote at Ford plants nationwide. Though votes are routine before the UAW contracts with automakers expire, holding one at all of a company’s locals on the same day is unusual.
Analysts say the vote is meant to send a strong message to the No. 2 automaker.