Editor’s Note: The following statement is attributable to Joe Hinrichs, group vice president, Global Manufacturing and Labor Affairs, Ford Motor Company.
Dearborn, Mich., March 9 – Ford Motor Company is pleased the company’s UAW-represented work force has ratified agreements to modify the 2007 UAW-Ford National agreement and the Voluntary Employee Beneficiary Association health care trust.
By working together with our UAW partners, we identified solutions that will help Ford reach competitive parity with foreign-owned auto manufacturers and that are important to our efforts to operate through the current economic environment without accessing a bridge loan from the U.S. government.
I would like to, once again, acknowledge the leadership of UAW President Ron Gettelfinger and Vice President Bob King, as well as the entire UAW leadership and national bargaining committee, during these important negotiations.
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Advisory: Ford will conduct a conference call with members of the investment community and news media at 9 a.m. EDT Wednesday, March 11, to review the key terms of the agreements. The conference call will include a presentation and allow time for questions from analysts and the news media.
The presentations and supporting materials will be available on the Internet on a listen-only basis at: www.shareholder.ford.com.
UAW-Ford Agreement Call: 9 a.m., EDT
Toll Free: 866-783-2144
International: 857-350-1603
Passcode: “Ford UAW Agreement”
www.shareholder.ford.com
Toll Free: 888-286-8010
International: 617-801-6888
Passcode: 29481628
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About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 213,000 employees and about 90 plants worldwide, the company’s wholly owned automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit www.ford.com.