January 11, 2007

Ford will neither create any new jobs, nor will it guarantee that it will continue to employ all of its existing workforce. BBC:

US state Michigan has agreed to give Ford Motor $300m (£155m) to keep open six of its factories in the state. The move, which amounts to subsidies of about $23,000 per worker, could help safeguard 13,000 jobs in the state. In return, Ford has vowed to invest $866m to upgrade the ancient equipment in the plants...read on

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