REUTERS/Phil Noble Acquire Licensing RightsNEW YORK, Sept 15 (Reuters Breakingviews) - Ford Motor (F.N) boss Jim Farley is breaking out the "B" word.
In a Thursday interview with CNBC, Farley said that pay-rise demands from the United Auto Workers would have driven Ford “bankrupt” if implemented back during 2019 contract negotiations.
For now, using “bankrupt” and “Ford” in the same sentence seems like an empty threat.
Even in the event of a prolonged strike, Ford has a buffer.
The company is sitting on $10 billion of cash net of debt and $47 billion in total liquidity.
Persons:
Phil Noble, Jim Farley, Farley, “ Ford ”, Ford, wishlist, Jonathan Guilford, Lauren Silva Laughlin Sharon Lam, Aditya Sriwatsav
Organizations:
Ford, REUTERS, Reuters, CNBC, United Auto Workers, General Motors, X, Thomson
Locations:
Liverpool, Britain, North America