A deal between President Obama and Congress to avoid the fiscal cliff is critical to the U.S. economy and to Ford Motor Co., says Ford exec chair Bill Ford.
Bill Ford speaks out on the economy and auto sales.
“It’s vitally important for the economy that we work this out,” Bill Ford, who is also great-grandson of the automaker’s founder, told reporters after donating a Ford truck to Gleaners Community Food Bank in Detroit. “I clearly hope we get some bipartisan effort to avoid the fiscal cliff.”
Ford Chief Executive Officer Alan Mulally was among CEOs who met with Obama last week to discuss the assortment of tax increases and other legislative changes that would take effect at the end of the year. The fiscal cliff could threaten the nascent recovery of the U.S. economy, Ford said.