Ford CEO: We Won’t Give Workers Pay
Increases that Keep Us ‘from Investing
in This Transition to EVs’
Breitbart,
by
Ian Hanchett
Original Article
Posted By: Hazymac,
9/15/2023 7:00:53 AM
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
Reply 1 - Posted by:
NancyD 9/15/2023 7:13:05 AM (No. 1556372)
They also only want to work 32 hours a week. We are in the market for a new car, Last night I searched automakers websites to do some research. I looked at Lincoln and found that the car I was interested in is going to be made in China 2024. No way would I buy a car made in China. Ever.
35 people like this.
Reply 2 - Posted by:
coldoc 9/15/2023 7:13:09 AM (No. 1556373)
Keep making more 150 lightnings and you'll go broke anyway. By the way, the 6.0 and 6.4 were just terrific. And the 5.4 3 valve was a real barn burner.
17 people like this.
Reply 3 - Posted by:
Hazymac 9/15/2023 7:13:21 AM (No. 1556374)
Does Detroit want to go all the way down with these e-cars and e-trucks nobody wants? They're going to the Green hell, like a happy pig to the slaughter house. Good thinking, Ford! GM and Stellantis (once Chrysler) to follow.
38 people like this.
Reply 4 - Posted by:
Quigley 9/15/2023 7:15:24 AM (No. 1556377)
Nor will we give pay raises that are antitransgenderismestablishmentarian. -ism.
Haha. Scam vs Scam.
17 people like this.
Reply 5 - Posted by:
commonsence 9/15/2023 7:24:38 AM (No. 1556384)
There focusing in EV;s is what will bankrupt them.
30 people like this.
Reply 6 - Posted by:
bpl40 9/15/2023 7:27:55 AM (No. 1556386)
What should be happening is that they should be sued for wasting the shareholders money chasing the EV windmills.
31 people like this.
Reply 7 - Posted by:
MissGrits 9/15/2023 7:30:52 AM (No. 1556389)
They don't care about the success or sales of EV's. They will get bail outs from the government, so no one at Ford will feel the pinch of anything!
12 people like this.
Reply 8 - Posted by:
Northcross 9/15/2023 7:55:08 AM (No. 1556405)
For the first time in my life, I may be having to side with the greedy union guys instead of the stupid auto makers.
9 people like this.
Reply 9 - Posted by:
felixcat 9/15/2023 7:56:40 AM (No. 1556406)
One reason Ford, et al. are going down the EV rat hole is that EVs are built using less workers and less parts. Of course the billions in taxpayers subsidies doesn't hurt either.
8 people like this.
Reply 10 - Posted by:
Bur Oak 9/15/2023 8:01:57 AM (No. 1556410)
The car of the future will cost $100,000 or more and will only be bought and driven by the rich. This is the main feature and goal of battery cars. I have a 20 year old Tahoe. One can change a headlight or taillight in 5 minutes with a screwdriver for the rear and no tools for the front. I have a more modern 10 year old car and to change a headlight or taillight takes about 2 hours with multiple tools because you have to remove the plastic bumper. Cars are becoming unrepairable.
27 people like this.
wrong link to original article
2 people like this.
Reply 12 - Posted by:
chumley 9/15/2023 8:15:49 AM (No. 1556420)
I just bought a new car about a year ago. Glad it wasn't a Ford. Sounds like the car may outlast the company.
8 people like this.
Reply 13 - Posted by:
Periwinkel 9/15/2023 8:18:16 AM (No. 1556423)
Does anyone monitor this site??? Original Article is the wrong link.!
3 people like this.
Reply 14 - Posted by:
FJB 2022 23 24 9/15/2023 8:21:46 AM (No. 1556427)
Transition all you want but nobody is going to be able to buy your damn EVS
10 people like this.
Reply 15 - Posted by:
czechlist 9/15/2023 8:24:20 AM (No. 1556429)
just saw the head of the local UAW on the morning news.
he stressed the workers needed "job security". I never felt " secure" in any of my jobs which drove me to be efficient and productive. I made myself indispensible.
I managed/supervised an hourly represented workforce consisting of several disruptive non-productive employees with seniority which the union had protected for decades. Higher pay, higher union dues. Unions are just another business with the members as their product.
18 people like this.
Reply 16 - Posted by:
WhamDBambam 9/15/2023 8:24:23 AM (No. 1556430)
Great, sounds like a lose-lose proposition to me! Can shareholder-derivative lawsuits be far behind?
5 people like this.
Reply 17 - Posted by:
Phantomll 9/15/2023 8:44:06 AM (No. 1556450)
As others have posted, wrong link.
3 people like this.
Reply 18 - Posted by:
LC Chihuahua 9/15/2023 9:03:28 AM (No. 1556467)
Look for the government to step in and make a deal that is pro-union, pro-EV, and anti-business. Been noticing a trend. The primary focus of any business is to no longer make a profit. It is to support government policy. The epitome of state run. It's just not blatant. Yet.
9 people like this.
Reply 19 - Posted by:
red1066 9/15/2023 9:05:13 AM (No. 1556468)
Who the hell is making the decisions for Ford? First, they stopped making cars except for the Mustang and decided trucks were the way to go. Then they came out with a small electric SUV and called it a Mustang. Now they're all in on electric vehicles that don't sell, cost an arm and a leg, and that the majority of people either can't afford or don't want. The brain trust at Ford has brain freeze and seem to be running Ford the same way Biteme/Obozo are running the country.
11 people like this.
Reply 20 - Posted by:
Mizz Fixxit 9/15/2023 9:06:09 AM (No. 1556469)
“Cars are becoming unrepairable.”
Good point. The increasing difficulty of DIY car repairs started over 30 years ago. I owned a 97 Ford Explorer. A tire change involved a learning curve.
5 people like this.
Reply 21 - Posted by:
Old Army Vet 9/15/2023 9:34:14 AM (No. 1556485)
Sounds like a losing proposition to me.
4 people like this.
Reply 22 - Posted by:
stablemoney 9/15/2023 9:38:40 AM (No. 1556487)
Ford is making 2.5 cents on every dollar of revenue, and has debt 3X capital, which should be .5X capital to be a healthy company. 2.5 cents revenue is a grocery store profit margin, not a company with a huge physical plant investment. And Ford is talking about pay raises? I think they need to get real, and talk about cutting expenses in a major way, or Ford will have to be bailed out by taxpayers. Woke is going broke!
6 people like this.
Reply 23 - Posted by:
joew9 9/15/2023 9:39:29 AM (No. 1556489)
Ford knows EV's sales are crashing and there is no chance they will recover. So they are just using EV investment as an excuse. But the UAW knows it too. Actually the UAW workers may know it better than the management. My experience with union guys is they see through the nonsense.
7 people like this.
Reply 24 - Posted by:
Jesuslover54 9/15/2023 9:46:11 AM (No. 1556494)
Never sell your gasoline Toyota.
10 people like this.
Reply 25 - Posted by:
MickTurn 9/15/2023 9:58:18 AM (No. 1556506)
Hey Ford, Your EV Truck is a POS, and so is the Mustang SUV EV...get a clue, no one wants vehicles that fail and CATCH FIRE!!!!!!!!!!!!!!!
10 people like this.
Reply 26 - Posted by:
moebellini3 9/15/2023 10:20:50 AM (No. 1556529)
If the unions don't put them out of business, the EV's will. The auto makers are in a no win situation, unions doing what they do best, destroying companies and the EV transition is nowhere near prime time. EV's are nothing more than glorified golf carts.
7 people like this.
Reply 27 - Posted by:
coyote 9/15/2023 10:47:33 AM (No. 1556561)
The 2009 Obama "bail out" of GM, was really a bankruptcy proceeding. Unions wanted ever increasing wages and resisted plant closings at a time when new car sales were increasingly shifting to Japanese companies. With lower income for GM, the unions, and the company too, were ignoring reality and making wrong decisions. The government poured money into GM to keep operations going, but dealers were put out of business and the company downsized. They could not ignore reality forever. It would have been better to develop cars that people liked as well as the Japanese models, and to size the workforce to meeting market realities.
4 people like this.
Reply 28 - Posted by:
DVC 9/15/2023 10:58:44 AM (No. 1556585)
There will be no "transition to EVs". There can be an end to Ford Motor Company, but there cannot be a transition to EVs.
10 people like this.
Go ahead, all of you - unions, automakers, everyone involved. Ruin the Big Guy's day. Keep it up for the next 12 months.
3 people like this.
Reply 30 - Posted by:
obdurate 9/15/2023 11:36:07 AM (No. 1556623)
I was a Ford guy for years until I bought my first Toyota. after that No Mo FOMOCO.
10 people like this.
Reply 31 - Posted by:
DougTN 9/15/2023 12:38:34 PM (No. 1556664)
Between unproductive and expensive labor lies the EV insanity. Have the Big 3 contemplated what happens when they can’t sell their product? I can’t believe any of their marketing research indicates more than 2-3% of the market will bear the cost and inconvenience involved.
3 people like this.
Reply 32 - Posted by:
BarryNo 9/15/2023 1:42:00 PM (No. 1556701)
"The Cause" is more important than the union's survival. If only we could do what Germany did in the early 1940s!...
2 people like this.
Reply 33 - Posted by:
DVC 9/15/2023 11:43:36 PM (No. 1557076)
Ford doesn't have to continue to exist. And the path they are on will make them just like Studebaker or Packard....once famous car brands, now long gone memories.
1 person likes this.
With this fellow as CEO I am glad I don't own any Ford stock or hold any of their corporate bonds.
0 people like this.
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