Speed Reads

outsourcing

Ford is open to a deal with Trump to keep jobs in America — for a price

Ford Motor Company could be persuaded to halt outsourcing plans and keep manufacturing jobs here in the United States, executives indicated in interviews with Bloomberg and the Detroit Free Press on Friday. But if President-elect Donald Trump hopes to replicate his deal with Carrier, an air conditioning manufacturer that wanted to move some 2,100 jobs from Indiana to Mexico, he'll have to pony to Ford's demands.

"We will be very clear in the things we'd like to see," said Mark Fields, Ford's chief executive officer, to Bloomberg. High on his list are tax reform, free trade rules, and a relaxation of fuel economy regulations that have automakers producing more electric vehicles than they can sell. Fields argued Ford's position is not identical to Carrier's, as the automaker is repurposing its factories to build other models when it shifts some models' production abroad.

At the Detroit Free Press, Ford Chief Financial Officer Bob Shanks acknowledged that a call from the president-elect did influence Ford's recent decision to keep making a Lincoln SUV model in Kentucky. Shanks expressed hope that going forward, "there [is] some adjustment that can be made to the present regulatory framework that recognizes the market realities."

For more on whether the Carrier deal — and the inevitable subsequent demands from companies like Ford — was a terrific or terrible idea, check out The Week's dueling analyses.