Ford Motor Company
Would UAW Wage Concessions Have Been Good for Louisville?
November 05, 2009
Just after Ford Motor Company announced third-quarter profits of nearly $1 billion, its UAW-represented workers rejected a package of concessions including a wage freeze for newly hired workers and a no-strike pledge when the current contract expires in 2011. The concessions would have put Ford’s labor costs on par with those that GM and Chrysler obtained earlier this year. Those concessions, in turn, brought the companies’ wages and benefits down to the levels of the (non-union) Japanese manufacturers with plants here.
What 'really' Ails Ford?
January 26, 2007
So Ford Motor Company posts a staggering $12.7 billion loss in '06 and all the usual explanations make the rounds: SUV sales slumped thanks to high gas prices; Toyota and other rivals have been making better cars; the company's weighed down by health and pension costs. No doubt. But here's yet another theory, via Focus on the Family's always-fabulous newsletter: The American Family Association (AFA) said last year's $12.7 billion loss by Ford Motor Company is no surprise.