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Ford CEO: We Won’t Give Workers Pay Increases that Keep Us ‘from Investing in This Transition to EVs’
Breitbart ^ | 09/14/2023 | Ian hatchett

Posted on 09/14/2023 4:59:13 PM PDT by ChicagoConservative27

On Thursday’s broadcast of CNN’s “The Lead,” Ford President and CEO Jim Farley stated that he’s not opposed to giving workers pay increases, “But if it prevents us from investing in this transition to EVs and in future products like the ones we have now like a new F-150,” they won’t do that because they’ll go bankrupt.

While discussing the pay raises demanded by the UAW in negotiations and pay raises for CEOs, Farley said that they have offered pay raises and are open to big pay increases, but the 40% that the UAW is asking for is too much and would put the company out of business, and “There’s a fine line here that we won’t go past, which is, we want everyone to participate in our success. But if it prevents us from investing in this transition to EVs and in future products like the ones we have now like a new F-150, the best-selling vehicle in the U.S., then everyone’s job’s at risk if we don’t invest. So, there’s a line. The line isn’t for us to go bankrupt. The line is somewhere in the middle, and the only way to resolve that is to actually negotiate.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: 4point5billion; ceo; chat; driverreturnsonfoot; ev; ford; foundonroaddead; sixtythousanddollars; uaw; unions; workers
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To: ChicagoConservative27
From the article:...CNN’s “The Lead,” Ford President and CEO Jim Farley stated that he’s not opposed to giving workers pay increases, “But if it prevents us from investing in this transition to EVs and in future products like the ones we have now like a new F-150,” they won’t do that because they’ll go bankrupt.

Of course Ford's president and CEO is on the Leftist propaganda outlet CNN.

Let Jim Farley of Ford threaten to cut bonuses for executives and see how quickly he'd be ushered out the door. Farley's going to lose talented workers since exposing just how closely their salaries are linked to the company's mess of coal-charged battery vehicles.

21 posted on 09/14/2023 5:35:09 PM PDT by T.B. Yoits
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To: ChicagoConservative27

Ford is sooooo screwed. Last great US company to avoid bankrupsy and they get a CEO withy the tech knowledge of Al Gore.


22 posted on 09/14/2023 5:36:59 PM PDT by Da Coyote
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To: Chode
Um no. I will do the math for you. The labor per car, on average, is 8% of the stickler price ( do your own reserach o that ). So the labor per 30K car is 8% of 30k or $2,400 labor per car. If labor goes up 20% then the labor per car goes up $480 per car for a total of $2,880 per car. So as the sticker price would have to go up $480 per car to cover that increase making the sticker show $30,480 and increase PER CAR SOLD of 1.6%.

Get it? The car costs 1.6% more not 20% more.

23 posted on 09/14/2023 5:38:45 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: ChicagoConservative27

American companies are stuck on stupid

Along with many of their Global counterparts


24 posted on 09/14/2023 5:40:01 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: ChicagoConservative27

Then Ford deserves its day in bankruptcy court. Consumers DO NOT want EV. They are being forced to them.


25 posted on 09/14/2023 5:45:12 PM PDT by lastchance (Cognovit Dominus qui sunt eius.)
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To: ChicagoConservative27

This is weird. I’ve never seen a company go out and waste billions of dollars on a product that’s not selling.


26 posted on 09/14/2023 5:46:23 PM PDT by MinorityRepublican
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To: ChicagoConservative27

Go bankrupt.


27 posted on 09/14/2023 5:46:47 PM PDT by Bonemaker (invictus maneo)
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To: chief lee runamok

Well they also have the worthless EV F-150


28 posted on 09/14/2023 5:51:43 PM PDT by Captain Peter Blood
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To: ChicagoConservative27

Just realize the significance of changing “This” to “That” EV. Past tense is coming.


29 posted on 09/14/2023 6:01:06 PM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: born2bfree

“I’d appreciate it if he would stop subsidizing the EV business with truck profits and bring truck prices down.”

...and people think they’re being ‘Manly’ by buying a gasoline F150. Too bad they don’t know that $15k or so of the price is to subsidize Kaleb, who lives in the inner city (a woke, white part) and needs to drive an EV to be ‘accepted’, by his ‘community’.


30 posted on 09/14/2023 6:07:08 PM PDT by BobL (I own an F150 so that I can tow my boat all day Saturday and look Manly)
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To: MinorityRepublican

It once heard that Japanese auto makers are headed up by engineers, while American automakers are headed up by salesmen and marketers, and that’s why Japanese cars are so consistently superior. Jim Farley is a marketing and customer satisfaction guy.


31 posted on 09/14/2023 6:10:00 PM PDT by hinckley buzzard ( Resist the narrative.6 )
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To: hinckley buzzard
Jim Farley is a marketing and customer satisfaction guy.

He's trying to appease the politicians in the U.S. But he has a winning product. Trucks that run on ICE. If it ain't broke, don't fix it.

32 posted on 09/14/2023 6:13:58 PM PDT by MinorityRepublican
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To: ChicagoConservative27

Expect a major government bailout.


33 posted on 09/14/2023 6:15:23 PM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: lastchance
Consumers DO NOT want EV. They are being forced to them.

I think the ceiling is 20% of the market. Most of that is already occupied by Tesla.

34 posted on 09/14/2023 6:16:26 PM PDT by MinorityRepublican
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To: ChicagoConservative27

It’s a bitch when you are a project engineer, and the guys working the assembly line makes more than you do...


35 posted on 09/14/2023 6:31:55 PM PDT by joe fonebone (And the people said NO! The End)
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To: ChicagoConservative27

Ford is making a huge mistake. Not on the pay issue but on the huge push for Electric Vehicles. It’s a stupid idea to put all their eggs in that questionable basket.

Sure, throw out a couple of electric models, but to go all-in, that will bankrupt Ford. I see a Toyota in my future.


36 posted on 09/14/2023 6:45:24 PM PDT by meyer (FBI = KGB for the DNC; IRS = Gestapo)
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To: central_va

Like other automakers build in the southern states. Right to work states. Not out of country


37 posted on 09/14/2023 6:57:15 PM PDT by cableguymn
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To: ChicagoConservative27

1. This transition to EVs
2. The F-150, the best-selling vehicle in the U.S.

OK, Farley, square that circle!


38 posted on 09/14/2023 7:04:52 PM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: Mouton

If you’re staying in town, take EVERYTHING out of the car at night. Theft from vehicles at hotels is an industry in town.


39 posted on 09/14/2023 7:07:38 PM PDT by Tijeras_Slim
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To: Mouton

“… and said do not woman an EV”

Translate, please.


40 posted on 09/14/2023 7:07:49 PM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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