Ford Follows in GM's Footsteps

The United Auto Workers said yesterday it reached a tentative agreement on health care costs with Ford Motor Co. that will require "sacrifices" from workers and retirees.

Details of the agreement were being withheld ahead of a meeting of the UAW-Ford Council next week in Detroit, the union said. The agreement is subject to ratification by active members and court approval.

I hope that Ford executives plan to take exactly the same cuts.

Read more here and stay tuned.