Tags: bill ford | unions | saved | ford

Bill Ford: Unions Saved Company in Its 'Darkest Hour,' Industry Too

Image: Bill Ford: Unions Saved Company in Its 'Darkest Hour,' Industry Too Ford Motors Executive Chairman Bill Ford.

Monday, 31 Mar 2014 10:15 AM

By Nick Sanchez

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
Ford Motors Executive Chairman Bill Ford said in an interview last week that the United Auto Workers Union and their president, Ron Gettelfinger, helped "save" the company during the recession, while other automakers like GM were going bankrupt.

"When we got into a really tough period, I sat down with Ron and I said, 'You have to help me save the Ford Motor Company so we didn't have to go through bankruptcy, so we didn't have to get a federal bailout,'" Ford said on CNBC's Squawk Box. "And he did that."

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

Ford credits Gettelfinger and the UAW with helping balance the books during the company's "darkest hour," adding that the union helped the industry as a whole "get back on its feet."

The UAW reconfigured its health-care costs and markedly improved manufacturing efficiency and performance, Ford said.

During that time, Ford's biggest competitor, GM, went bankrupt and was subjected to a government takeover. The years-long saga of debt-restructuring has also been plagued with lawsuits complicated by the bailout.

As part of the terms of the bailout, GM was shielded from all claims dating before 2009. Many are now asking the government to rescind the immunity, as it's recently come to light that the company knowingly sold vehicles with faulty ignition switches. In 2006, two young women were killed in a Chevy Cobalt crash after the engine shut off and airbags did not deploy. Their families are among those working to get the immunity removed.

GM finally shook off government control this past December but still face many lawsuits.

"It's a tough situation for everyone involved obviously. One thing we do whenever one of our competitors goes through something like this, we try to learn everything we can from it. We review our own processes to make sure that we're robust," Ford said.

Asked about the recent failed effort to unionize Volkswagen employees in Tennessee, Ford said he wasn't surprised to see it go the way it did.

"There's a long history of organizing that didn't go well in the South," he said.

Editor's Note: Do You Support Obamacare? Vote in Urgent National Poll

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Sabah: Singer in Lebanon Dies at 87 After Six-Decade Career

Wednesday, 26 Nov 2014 13:43 PM

Sabah, a beloved Lebanese singer with a powerful voice, has died after a six-decade career. . . .

Jolie's a Better Wife to Brad Pitt - Now That They're Married

Wednesday, 26 Nov 2014 11:46 AM

Now that they're married, Angelina Jolie has decided she's going to be a better wife to husband and fellow actor Brad Pi . . .

Halle Berry Says Gabriel Aubry Wants Daughter to Look White

Wednesday, 26 Nov 2014 11:21 AM

Halle Berry and her ex Gabriel Aubry went to war in court over their daughter's hair and a judge ruled that neither coul . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved