Ford Motor Co. (NYSE:F) CEO Jim Farley on Monday hailed the Detroit-based automaker’s domestic manufacturing prowess, which exceeds that of its competitors in the auto industry.
Ford’s Bet On America Pays Off
Touting the automaker’s domestic manufacturing capabilities, Farley, in an op-ed he wrote, said the automaker believes a “bet on America” will always pay off. The article also shared how Ford assembled and sold over 1.8 million vehicles in the U.S., while exporting 311,000 units to other markets and importing 378,000 units into the U.S.
“Ford assembles more than six vehicles in America for every one it imports,” the article said, while also adding that over 83% of its vehicles sold were assembled in the U.S. “We never took a bailout, and we never wavered on our commitment to America and American jobs,” Farley said.
Farley outlined that Ford invests heavily in domestic manufacturing because it drives the “tax base that funds local schools and first responders; it supports the small businesses on Main Street,” while also sharing that Ford …
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