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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: MinorityRepublican

Which just proves they are willing to do anything to win their government master’s approval, customer needs and wants be damned.


41 posted on 09/14/2023 7:12:25 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: hinckley buzzard

“ Jim Farley is a marketing and customer satisfaction guy.”

Only as long as he thinks the federal government is his “customer” who needs to be satisfied.


42 posted on 09/14/2023 7:14:42 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: ProtectOurFreedom

Maybe Jim Farley knows that Gavin Newsom will become the next POTUS and he will ban ICE vehicles in the U.S. during his administration.


43 posted on 09/14/2023 7:23:07 PM PDT by MinorityRepublican
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To: MinorityRepublican

That’s a darn good guess.


44 posted on 09/14/2023 7:28:35 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: Chode

20%?

The Union is asking 46%, a 32 hour work week with 40 hours pay and the resumption of full pensions like they were 20 years ago.

You won’t mind paying $100,000 for a Ford focus will you?


45 posted on 09/14/2023 7:35:16 PM PDT by gibsonguy
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To: Theophilus

Well played, sir.


46 posted on 09/14/2023 7:38:05 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TV)
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To: Chode

gahead, give them their 20%, and add on 20% to the price of the car,
@@@@@@

We are told the “40%” number but not the details....

Is it a one time 40% and the static for the remainder of the contract?

These are usually multi year contracts so a five year contract might be 8% a year, or perhaps 12% in year one with 7% in the other four years etc.

The whole story would probably end the “Sensational “ headline and sound bites.

WWG1WGA


47 posted on 09/14/2023 7:47:26 PM PDT by Billyv ( Ephesians 6:11 for we battle not against flesh and blood...Pray for our leaders and nation )
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To: ProtectOurFreedom

This looks stupid. But we’re still in 2023. We have to imagine where will we be in 2030? Many Baby Boomers will be dead. Gen Z are into Climate Change nonsense. So there you go.


48 posted on 09/14/2023 7:55:47 PM PDT by MinorityRepublican
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To: Paladin2
"Volume..."


49 posted on 09/14/2023 8:09:09 PM PDT by EEGator
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To: ChicagoConservative27

This is Ford putting the blame on Biden


50 posted on 09/14/2023 8:14:29 PM PDT by hcmama
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To: ProtectOurFreedom

Probably auto-correct. Do not want an EV.


51 posted on 09/14/2023 8:27:14 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TV)
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To: ChicagoConservative27

Hey Farley, you moron, no one wants to buy your worthless EV firetraps!


52 posted on 09/14/2023 8:44:37 PM PDT by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
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To: gibsonguy

LOL, right???

i’m done buying vehicles...

but the rest of the country, well, good luck wi that


53 posted on 09/14/2023 8:48:43 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Billyv

54 posted on 09/14/2023 8:49:38 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: ChicagoConservative27

Dumb move. Ford used to be th only sane car company. to CEO build cars people want to buy. Build the cheapest car you can. gas no frills like your great, great granddaddy.


55 posted on 09/14/2023 9:18:07 PM PDT by kvanbrunt2
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To: Chode

gahead, give them their 20%, and add on 20% to the price of the car, see how long average people can afford one...

feh>>>
Or give them 20% build a good cheap no frills car that runs on gas and make billions. like the great granddaddy.


56 posted on 09/14/2023 9:21:49 PM PDT by kvanbrunt2
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To: SaveFerris
American companies are stuck on stupid

Stuck on socialism.

57 posted on 09/14/2023 9:25:35 PM PDT by dznutz
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To: Tijeras_Slim

Thanks but up in Santa Fe. Even bill Clinton is here! Bill Richardson funeral here. Best thing Richardson did was endorse hitlery’s opponent in 08. No we are not here for the funeral, just coincidence. Ruined part of our city tour.


58 posted on 09/14/2023 9:27:14 PM PDT by Mouton (US Home to one party rule)
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To: ProtectOurFreedom

Yes auto correct, iPhone, bad vision. Also 78th b day today!!


59 posted on 09/14/2023 9:29:30 PM PDT by Mouton (US Home to one party rule)
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To: kvanbrunt2

100%!!! but it makes tooo much sense...


60 posted on 09/14/2023 9:53:13 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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