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Unions are like ismalic jihadists: No one enjoys a cordial relationship with either.
in 2016, Trump warned Ford that if they moved jobs to Mexico, he would increase duty for their products into the USA to 35%
I assume he would make the same threat in 2024.
Unions outlived their purpose long ago. Now they just destroy companies. They pushed steel production out of the US forever. Crushed the auto industry.
Actually, Ford needs to rethink it’s move from the combustion engine to EVs which are worthless & way too expensive on top of their reliability issues which are numerous.
Ford should be concerned. The CONSUMER ALWAYS WINS when the Free Market operates in the self interest and voluntary cooperation between buyers and sellers without government interference.
If the U.S. is not the most beneficial place for Ford to manufacture, then Ford should go where it’s benefits are maximized. Low-cost and effective industry means low-priced and quality goods for the consumer.
Ford should move production to Canada and Mexico, then drop all EV production.
People wonder why a vehicle’s value drops about 33% the moment you take delivery. If you drove it around the block and brought it back and the dealership bought it back, the most you’d get is in the neighborhood of about 67%. That’s because they’d buy it back at the vehicle’s actual value. The rest is called legacy costs. That’s all the medical benefits and bennies that are paid to the manufacturer’s workers. This is why some foreign made vehicles have higher content per dollar of cost than American made vehicles. Those countries have socialized medicine or, they’re more concerned with “equity” and don’t allow highly compensated jobs like American companies do.
Incidentally, I read a glowing article about how equal Canadian workers were on their financial equity metric. The same article lamented that young workers were fleeing to America just to make more money when, obviously, Canada was the superior worker’s paradise. The irony was so thick I was amazed no one pointed it out to the author.
I guess that the uaw forgot the lesson of Lorain assembly.
Time to teach it again.
If they go all-electric, a lot of those workers will be out of a job.
The problem Ford has is they got caught with their pants down. Who the heck is going to buy a ~$70K+ pickup truck at 10% interest? The same goes for the other big 2 American manufactures..
I spend a lot of time renting cars because of travel. I only rents cars not made by the UAW.
Agreed. I was in a private-sector union. They only served to protect the worthless employees and enrich the bosses. The union reps only appeared when it was contract negation time then were MIA for about the next 3 years.
I turned down a promotion and found a non-union job because I knew, from experience, is as a supervisor/manager, I had proof of employee misconduct that could result in some official actions, they could get the union to help them and basically say they had no idea they were limited to a 15 minute break, couldn’t steal things, etc. ans as a fist time offense no write-up or action. Without said official documentation, the 2nd time was essentially the 1st time and repeat.