Ford’s Huge Losses
Jan 25th, 2007 by Jeremy
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.
