Ford: stock up on electric Mustang launch, UAW deal

(CercleFinance.com) - Ford shares were slightly up on Monday as investor sentiment was buoyed by a string of positive news, including the launch of an all-electric Mustang and a new agreement with UAW.


For the first time in 55 years, Ford has expanded its Mustang lineup - that was launched in 1964 - with an all-electric Mustang SUV that is joining the sports coupe and the convertible editions.

When it arrives in late 2020, the Mustang Mach-E will be equipped with an extended-range battery and an estimated range of at least 300 miles (480 km).

Ford also announced during the weekend the signing of a new collective bargaining agreement with the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) union.

Under the terms of the deal, Ford's employees will receive a number of benefits, including 9,000 dollars in ratification bonus for full-time permanent employees and 3,500 dollars for temporary employees.

The Ford share is currently up 0.2% in Wall Street.

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