Ford health-care deal fails to stir investors

Newswire

By Poornima Gupta DETROIT, Dec 23 (Reuters) - Ford Motor Co.'s agreement with the United Auto Workers union to cut the automaker's multibillion-dollar health-care costs fails to excite investors, analysts said on Friday. Blue-collar workers at Ford on Thursday narrowly ratified a deal that Ford said will allow it to cut about $650 million of its estimated $3.5 billion annual health-care expense. The UAW had originally said Ford would save $850 million. "Pretax savings appears to be ...

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