Ford won’t raise offer to UAW, NY Times reports

Ford won’t raise its contract offer to the UAW auto union without hurting its business and its ability to invest in electric vehicles, The New York Times’ Neal E. Boudette reports. “We are very clear,” Kumar Galhotra, president of the Ford division that makes combustion engine vehicles, said in a conference call with reporters. “We are at the limit. Any more will stretch our ability to invest in the business.” Galhotra said Ford’s Kentucky Truck plant generates about 16% of Ford’s revenue, and a prolonged idling would likely cause stoppages and layoffs at up to 13 other Ford plants that make engines, transmission and axles, and commented that “This goes way beyond just hitting Ford’s profits.”