Bill Ford: Fiscal Cliff Could Impact Car Sales

- November 20, 2012

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.

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