Statement from President Joe Biden on Historic Tentative Agreement Between Ford and UAW Publisher: The White House Byline: President Joe Biden Date: 25 October 2023 Subjects: American Government , Labor Topics: UAW, Ford Motor Company

I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight. This tentative agreement provides a record raise to auto workers who have sacrificed so much to ensure our iconic Big Three companies can still lead the world in quality and innovation. Ultimately, the final word on this contract will be from the UAW members themselves in the days and weeks to come. I’ve always believed the middle class built America and unions built the middle class. That is especially the case for UAW workers who built an iconic American industry. And critical to building an economy from the middle out and bottom up, instead of from the top down, is worker power. It’s showing how collective bargaining works by providing workers a seat at the table and the opportunity to improve their lives while contributing fully to their employer’s success. This tentative agreement is a testament to the power of employers and employees coming together to work out their differences at the bargaining table in a manner that helps businesses succeed while helping workers secure pay and benefits they can raise a family on and retire with dignity and respect.