On Monday, Bill Ford, the Executive Chairman of Ford Motor Co., called on the autoworkers to come together and end their strike and said that the company?s future is at stake. The autoworkers are continuing the strike for more than a month. According to Ford, further strikes can cost the company?s ability to invest in the future.

Bill Ford made a speech during the contract talks in the company?s hometown in Dearborn, Michigan. In the speech, Ford talked about the high cost of labor, which can limit the company?s spending on the development of new vehicles and investment in factories. Ford added,

?It?s the absolute lifeblood of our company. And if we lose it, we will lose to the competition. America loses. Many jobs will be lost.?

According to the Executive Chairman, Ford Motors Co. builds more vehicles in America and has more employees associated with United Auto Workers than all the other companies. This led to an increased cost in the highly competitive industry. Among all the workers at UAW, Ford has 57,000 workers, General Motors has 46,000 workers, and Stellantis has 43,000 workers.

Bill Ford also stated –

?We need to come together to bring an end to this acrimonious round of talks. […] I still believe in a bright future ? one that we can build together. I still believe the automobile industry is a major force for good in our country. We will continue to be there when America needs us most.?

Ford also added that while many automaker competitors of Ford moved their facilities to Mexico, Ford tried to add jobs in the United States.

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