Ford Motor Co. CEO Jim Hackett reminded the White House that levies on steel and aluminum “took about $1 billion in profit from us.” Rival automakers used a Senate hearing to warn that extending the tariffs to foreign-made vehicles could cost jobs and drive consumer prices higher.
Ford’s executive chairman, Bill Ford Jr., used Thursday’s 100-year birthday celebration of the iconic Rouge complex in Dearborn to sharpen the point: “Our business runs a lot better when we have clarity,” he told a media scrum Thursday. “Our lead times are long, our capital intensity is such that our business is at its best when we have certainty.”
Read the article at The Detroit News.
The post Automakers Deliver Message to Trump – We Told You So appeared first on Fleet Management Weekly.
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