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 ...
LOL!!!!! BOTH PARTIES ARE PSTUPID!
gahead, give them their 20%, and add on 20% to the price of the car, see how long average people can afford one...
feh
I thought the Ford EV sales were all made at a loss.
So long, good-bye, couldn’t happen to a more deserving company. Ford is going down like a dinosaur.
The point being they will need a smaller workforce.
Side note renting car In Albuquerque yesterday and said do not woman an EV. Desk guy says we have none as they are worthless for long drives.
Let's see if I have enough zeroes.
$4,500,000,000.00
Unions are often way too greedy. No doubt about that.
But here’s the thing. In 2022 Ford President and CEO Jim Farley collected a base salary of $1.7 million, $15.1 million in stock awards, and nearly $2.8 million in bonuses.
There is no mention in the article of how much of his own compensation Farley will return to Ford in order to advance the EV dream.
Just sayin’.
I’d appreciate it if he would stop subsidizing the EV business with truck profits and bring truck prices down.
I brought that up today with a neighbor.
This kind of investment in such a ‘transition’ is VERY expensive.
I TRULY DO NOT like that it is being forced on American car makers.
I do NOT like EV’s being forced on the public.
BUT-—a 46% RAISE & ONLY A 3 HOUR work week????
TOTAL Insanity
I worked at American Motors in the early 60’s.
They were selling so many cars that the plant in Kenosha, Wisconsin, was working 7 days a week-—with 10 hour shifts OVERLAPPING. THEY were HUMMING!!!!!
Both my Ex & I worked there-—he was in AXLE department-—I worked in Accounts Payable...only 5 days a week...but we were very busy.
OF COURSE-—wages were much lower then than now-—benefits were sparse——and a new car cost alot less.
BUT it was a very good job.
George Romney was the President of AM then.
HE came thru the plant & offices EVERY year——talked to EVERY SINGLE EMPLOYEE—shook your hand & THANKED YOU FOR WORKING THERE.
That was the ONLY place I have worked in 66 years that it happened.
MITTENS IS NOTHING LIKE HIS DAD.
The logic is “The government (taxpayers) needs to kick in. The government wants us to go green, so ‘the government’ should pay for it”.
AFAIK, there is still grant money from that green new deal out there for the grab.
I saw a documentary about American Motors.
Probably would have liked it there.
LOL. I am not defending unions but paying assembly line workers 20% more does NOT raise the sticker price 20%!!!
That being said I'm sure they'll try to make it look like the EV's are made here, at least as far as the red tape goes, so they can meet the requirements for most of the subsidies.
BS. Make it here. Labor is small part of auto production compared to everything else that goes into car.
Without mentioning the gas powered f-150 is the main
driver of those sales.
it might not go up 20% all at once, but it does cost 20% more to build the same car
hell their insurance is more than the cost of the steel...
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