Ford made money in the 3rd quarter. About $1 billion dollars. This is the first quarter in four years they’ve made money. They had burned through tens of billions in cash reserves.
So how is Ford rewarded for putting up its own money for years to keep it a going concern, succeeding, getting profitable and being the most secure of the Big 3 automakers?
Its improving fortunes were the main reason cited by the United Automobile Workers on Monday for rejecting another round of labor concessions that would have roughly matched concessions that workers at Chrysler and General Motors approved in the spring.
Now, just when Ford is ready to grab market share from competitors and make their futures more secure, its own employees put a wrench in the plans. It is almost like they own the competitors… oh THEY DO…
I don’t see how the UAW can fairly represent Ford employees when it owns much of Ford’s domestic competitors.
Monopoly laws need to be applied to unions.