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Ford CEO says company will rethink where it builds vehicles after last year’s autoworkers strike
AP ^ | 02 15 2024 | TOM KRISHER

Posted on 02/16/2024 8:07:51 AM PST by yesthatjallen

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To: yesthatjallen

Eff 'em...wouldn't buy another Ford if they are the only car maker left.

21 posted on 02/16/2024 8:30:41 AM PST by RasterMaster ("Towering genius disdains a beaten path." - Abraham Lincoln)
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To: yesthatjallen

It’s all fun and games until the pink slips start hitting the mailbox.


22 posted on 02/16/2024 8:30:42 AM PST by fatboy (')
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To: yesthatjallen

Better Idea...

Build them in the USA.

Using robots and expert software - also made in the USA.


23 posted on 02/16/2024 8:30:51 AM PST by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: Miami Rebel

“ Workers, union or otherwise, deserve a bigger slice of the pie.”

Profits are for owners. If workers want a bigger piece of the pie they should invest in their employer’s stock and become owners.


24 posted on 02/16/2024 8:31:35 AM PST by Rlsau1
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To: Getready
The core of the problem here is that the UAW is one of those fading, dysfunctional unions that allows their retired members to vote in the union’s leadership elections.

As the number of retirees grows over time and the number of active workers declines due to attrition and automation, the retirees eventually outnumber the active workers. Once this happens, the union’s political agenda ends up being completely at odds with not only the business fortunes of the industry, but with the personal interests of the working members as well.

The UAW leadership would be perfectly fine with a scenario where Ford doesn’t employ a single UAW member but is forced to make generous contributions to the UAW pension system.

25 posted on 02/16/2024 8:33:48 AM PST by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: yesthatjallen

Didn’t Trump convince them not to build in Mexico? Or a different automaker?


26 posted on 02/16/2024 8:34:20 AM PST by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: yesthatjallen

Ford taught the law a lesson with the Lorain facility.
I guess that the uaw forgot....


27 posted on 02/16/2024 8:38:21 AM PST by joe fonebone (And the people said NO! The End)
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To: joe fonebone

Uaw...
Darn autocorrect


28 posted on 02/16/2024 8:39:18 AM PST by joe fonebone (And the people said NO! The End)
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To: Getready

> Management as a whole is usually way overpaid… <

Yep. In the old days a CEO made something like 40 times the salary of the average worker at his company. In 2022, Ford CEO Farley made $22,000,000. Using the 40 rule, each Ford employee should be making $550,000.

So either the Ford workers are greatly underpaid or the CEO is greatly overpaid. It’s the latter, of course.

Some argue that’s it’s just freedom in action. Ford can pay the CEO whatever they want. Well, sure. Then the union can ask for whatever it want.

Out of control greed is a terrible thing. Both the executives and the unions are infected by it, perhaps fatally.


29 posted on 02/16/2024 8:40:22 AM PST by Leaning Right (The steal is real.)
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To: yesthatjallen

I will not buy any vehicle built by the UAW.


30 posted on 02/16/2024 8:43:42 AM PST by Fai Mao (Starve the Beast and steal its food.)
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To: Miami Rebel

Ok. Start a car company and give them one.


31 posted on 02/16/2024 8:43:59 AM PST by cableguymn
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To: dfwgator

Like 1984 atlas shrugged wasn’t supposed to be non-fiction


32 posted on 02/16/2024 8:45:22 AM PST by cableguymn
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To: Alberta's Child

Thank you for the added insight. Never knew that. As the elder retirees leave the scene(one way or another)...the unions may have to be more realistic instead of so 1930’s.

I would guess with automation and computer guided robots, cars and car parts may assembled and inspected in smaller regional plants which would be too small to be unionized. Then the requisite parts all shipped to a final assembly and inspection plant. All plants too small for unionization and easily relocated.


33 posted on 02/16/2024 8:46:20 AM PST by Getready (Wisdom is more valuable than gold and harder to find.)
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To: yesthatjallen

By divulging what should have been classified as top secret, Farley has invited quality sabotage.

The UAW is a dangerous enemy living in his house


34 posted on 02/16/2024 8:46:39 AM PST by bert ( (KE. NP. +12) Hamascide is required in totality)
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To: Leaning Right

It used to be stockholders and Board of Directors kept CEO salaries in line.

But as long as there are record profits and stock prices, they don’t care.


35 posted on 02/16/2024 8:47:44 AM PST by dfwgator (Endut! Hoch Hech!)
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To: Rlsau1

The average working family works paycheck-to-paycheck and you believe that if they pour the few discretionary dollars they squirrel away every month into a stock account that that will make a meaningful difference in their way of life?

Ford’s average salary is currently $66,872 per year. Ford’s CEO made $21 million in 2022. In the past three years Ford’s stock has gone sideways.


36 posted on 02/16/2024 8:51:29 AM PST by Miami Rebel
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To: V_TWIN

I don’t have a clue but my guess is many of the parts are
foreign made thus assembly is the main cost.


37 posted on 02/16/2024 8:55:21 AM PST by deport
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To: butlerweave

....”...Farley said as the company looks at the transition from internal combustion to electric vehicles, “we have to think carefully about our (manufacturing) footprint.”..

I thought I read here on FR some time ago that Ford was losing some $36,000 or some large sum of money on every electric F-150 Lightning it made/sold...and the company is transitioning to EVs...? something does not make sense....


38 posted on 02/16/2024 9:07:08 AM PST by TokarevM57
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To: Leaning Right

Is there a financial or moral basis for the 40x figure?


39 posted on 02/16/2024 9:15:00 AM PST by JimSp
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To: JimSp; dfwgator

> Is there a financial or moral basis for the 40x figure? <

Good question. I’ve read that it was self-restraint on the part of the CEO’s. So I guess there was a moral basis.

But perhaps dfwgator‘s explanation is better (post #35).


40 posted on 02/16/2024 9:19:12 AM PST by Leaning Right (The steal is real.)
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