Ford Motor Co. Executive Chairman Bill Ford called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future.

Ford Motor Co. Executive Chairman Bill Ford called on autoworkers to come together to end a monthlong strike that he says could cost the company the ability to invest in the future.

In a rare speech during contract talks in the company’s hometown of Dearborn, Michigan, Ford said high labor costs could limit spending to develop new vehicles and invest in factories. “It’s the absolute lifeblood of our company. And if we lose it, we will lose to the competition. America loses. Many jobs will be lost,” said the great grandson of company founder Henry Ford.

The company, he said, builds more vehicles in America and has more United Auto Workers employees than any company, which has increased its costs in a highly competitive industry.

Ford has 57,000 UAW workers compared with 46,000 at GM and 43,000 at Stellantis. “Many of our competitors moved jobs to Mexico as we added jobs here in the U.S.,” Ford said.

  • @[email protected]
    164•1 year ago

    “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” - FDR

    • themeatbridge
      141•1 year ago

      And just in case there is any confusion, here’s the next line:

      By “business” I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.

      If he saw what modern minimum wage has become, he would be disgusted.