Ford Executive Chair Bill Ford gets involved in union contract talks during an uncommon presentation

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Ford Executive Chair Bill Ford gets involved in union contract talks during an uncommon presentation
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Ford Motor Co. Executive Chairman Bill Ford is scheduled to make a rare speech about the future of American manufacturing with the company near an impasse with striking autoworkers.

FILE - Ford Motor Co., executive chairman Bill Ford is seen during an announcement, Feb. 13, 2023, in Romulus, Mich. Ford is scheduled to make a rare speech Monday morning, Oct. 16, 2023 about the future of American manufacturing with the company near an impasse with striking autoworkers. The speech near the company's huge pickup truck plant in the company's hometown of Dearborn, Michigan, is expected to address the monthlong strike by members of the United Auto Workers union.

After the walkout, a top company executive said on a conference call with reporters that Ford had reached the limit in how much it was willing to spend to end the strike.Bill Ford is likely to appeal to workers about how the company can't afford to saddle itself with high labor costs and still be competitive with Tesla and other nonunion automakers with U.S. factories.

The apparently widening labor rift indicates that Ford and the union may be in for a lengthy strike that could cost the company and workers billions of dollars. Galhotra called Ford’s offer “incredibly positive” and said Ford never indicated to the union that it would be increased.

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