Ford CEO Jim Farley on American Manufacturing
Ford CEO Jim Farley highlighted the company's commitment to American manufacturing, specifically mentioning a large truck plant in Kentucky. He emphasized the plant's importance, stating that it is one of the biggest and most profitable in the world, producing popular vehicles like the Super Duty, Expedition, and Navigator.
The Kentucky Plant's Impact
The plant, located in Louisville, employs over 9,000 people, providing what Farley described as "good" but "hard" jobs. He noted that workers at the plant face challenging conditions, including temperatures over 100 degrees Fahrenheit during the summer. Farley's comments suggest that the plant is a key example of President Trump's vision for the US auto industry, with a focus on domestic manufacturing and job creation.
"This is what Ford has always believed in. We never left [America], and this is what the president is trying to do to our country, to make these kind of plants, like 10 or 20 more of these across our country, and it will really change our industry."
Trump signed an executive order on Tuesday to soften the tariff blow for U.S. automakers, preventing those already paying tariffs from also being hit with duties on steel and aluminum.
Ford's Commitment to American Manufacturing
Ford CEO Jim Farley emphasized the company's long-standing commitment to American manufacturing, stating that they never left the US and instead continued to invest in domestic production. He expressed support for President Trump's efforts to promote American manufacturing, suggesting that the creation of more plants like the one in Kentucky could have a transformative impact on the industry.
Executive Order on Tariffs
President Trump signed an executive order aimed at reducing the tariff burden on US automakers. The order prevents companies that are already paying tariffs from being hit with additional duties on steel and aluminum, potentially providing relief to the industry and supporting domestic manufacturing efforts. This move aligns with the president's goal of promoting American manufacturing and creating more jobs in the sector.