Biden to meet with Ford CEO, UAW Friday on economy

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U.S. President Joe Biden on Friday will meet on the economy with business and labor leaders, including the chief executives of Ford Motor Co , Kaiser Permanente and Carrier Global Corp and the United Auto Workers union's president, a White House official said.

The White House meeting, which will be in-person and virtual, will also include the presidents of the Service Employees International Union and United Food and Commercial Workers union, the official said.

The White House has often cited a shortage of semiconductor chips as a key factor in higher prices for cars and trucks and overall inflation. Biden signed legislation in August that provides $39 billion in chip manufacturing subsidies. The Treasury Department, which has faced calls from foreign governments and many automakers over the U.S. government's restrictive electric vehicle tax credit policy that bars any vehicles assembled outside North America from qualifying, plans to issue guidance on how the EV tax credits will be implemented.

 

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Take care of him to find his way back. He goes in but perhaps may not find his way back 😏

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