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."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
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.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.
-
A Man on the Inside: Netflix comedy leaves you with a 'warm fuzzy feeling'
The Week Recommends Charming series has a 'tenderness' that will 'sneak up' on you
By The Week UK Published
-
Bread & Roses: an 'extraordinarily courageous' documentary
The Week Recommends Sahra Mani's 'powerful' film examines the lives of three Afghan women under the Taliban
By The Week UK Published
-
V13: a 'marvelous and terrifying' account of the Bataclan terror trials
The Week Recommends Emmanuel Carrère's work is 'absolutely gripping'
By The Week UK Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published