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If U.S. health care costs continue to soar, Detroit automakers may be forced to invest overseas rather than the United States to remain competitive, Ford Motor Co. Vice Chairman Allan Gilmour said in a speech Monday. Ford spent $3.2 billion on health care in 2003 for 560,000 employees, retirees and their dependents. The costs added $1,000 to the price of every Ford car and truck built in the United States — up from $700 three years ago.
The rising health care tab means Ford has less money to invest in new products. “Our foreign competitors don’t share these problems,” Gilmour said Monday in a speech before the National Governors Association in Seattle. “These chips health insurance pa challenges have created a competitive gap, that if unchecked, will drive investment decisions away from the United States.”
Automakers and other manufacturers increasingly arelooking overseas to take advantage of lower wages
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