Yarmuth Applauds Ford, UAW Agreement
Responding to a new contract agreement between Ford Motor Company and Louisville's local United Auto Workers, U.S. Rep. John Yarmuth, D-Ky., praised the automobile company and its employees for coming together.Union members in Illinois and Michigan rejected the agreement last week, which made it unclear if the ratification would be approved. But the local union voted in favor of a new contract Tuesday, which helped push ratification of the agreement forward and will result in a $600 million investment at the Kentucky Truck Plant and a new third shift at the Louisville Assembly Plant.From Yarmuth's office:"Starting with our efforts to secure federal resources to re-tool the Louisville Assembly Plant, Ford, the UAW, and the leaders of our community have continually worked together to revitalize manufacturing and spur job growth. As a result of their hard work and the ratification of this contract, Ford will invest $600 million at the Kentucky Truck Plant and bring a new vehicle and third-shift to the Louisville Assembly Plant. This is great news for local workers and great news for Louisville.
I congratulate Ford and UAW on reaching this agreement and guaranteeing that Ford will be a major force of job creation and economic growth in Louisville for years to come.”
In 2009, a $5.9 billion loan to Ford was announced as part of the federal government’s Advanced Technology Vehicles Manufacturing Loan Program to help Ford Motor Company retool facilities in Illinois, Kentucky, Michigan, Missouri, and Ohio. This program provided funding to help auto companies produce cars in the U.S. that increase fuel economy standards."