Ford’s Huge Losses
Jan 25th, 2007 by What's Gotta Go
I found this in a recent CNN article about Ford Motor Company’s continued losses and was astounded. “Even with the changes in the health care plans, the company spent $3.1 billion on U.S. health care in 2006, or an average of about $1,200 per vehicle, putting it at a cost disadvantage with some overseas automakers who have health care costs of workers building imported vehicles paid by foreign governments.†I had no idea that much cost into each vehicle could be attributed to employee health care costs. Amazing.
The losses alone are a huge problem I hope they can overcome, but that quote really took me back.
