Ford needs deep labor cost cuts amid crisis-analyst

Newswire

DETROIT, Feb 20 (Reuters) - Ford Motor Co. is going through a "meltdown" and will ask the United Auto Workers union for deep concessions in pay and benefits during contract talks set to begin this summer, a labor economist said on Tuesday. Sean McAlinden, an analyst for the Center for Automotive Research in Ann Arbor, Michigan, said Ford's U.S. market share loss and the competitive threat to its F-Series pickup trucks could upset the assumptions behind the turnaround effort at the No. 2 ...

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