Ford Executive Chair Bill Ford calls on autoworkers to end strike, says company's future is at stake
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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.
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 labour 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.
The company is near an impasse with the United Auto Workers union, which walked out in targeted strikes at all three Detroit automakers on Sept. 15,
Last week 8,700 union members walked out at the largest and most profitable Ford plant in the world, the Kentucky Truck Plant in Louisville.
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