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AMERICA'S MANUFACTURING BASE IS KEY TO AMERICA'S FUTURE GROWTH

 AMERICA'S MANUFACTURING BASE IS KEY TO AMERICA'S FUTURE GROWTH
 DENVER, Nov. 5 /PRNewswire/ -- American manufacturing -- the engine which has driven the nation's economic growth for decades -- is a key contributor to American citizens' standard of living, provides high- quality jobs which create employment in other areas of the economy and fuels progress in technology.
 But this critical sector of the American economy is at risk as foreign competitors continue to try to overtake the nation's goods- producing industries.
 That's the message Robert L. Rewey, Ford Motor Company's vice president - Sales Operations, North American Automotive Operations, brought to a group of educators, students, and business and civic leaders at the University of Colorado - Denver.
 "We need a strategic approach to issues that affect industry -- a national competitiveness strategy," Rewey said. "We need a vehicle through which government and business share a vision of national leadership and success in the world economy and recognize the importance of manufacturing to achieving that vision."
 Rewey was in Denver as part of a national, multi-city tour Ford Motor Company (NYSE: F) executives are undertaking to discuss the importance of the U.S. manufacturing sector to the nation's overall economic health.
 "Manufacturing is the leading generator of our nation's growth in productivity. Manufacturing provides higher-quality, better-paying jobs and creates employment in other sectors," Rewey said. "It accounts for virtually all private-sector expenditures for research and development, driving this country's progress in technology. And, manufacturing is the service industries' largest customer. In fact, the term 'service' originally meant not service to consumers, but service to industries."
 Rewey pointed out that "while Japanese transplant companies employ about 35,000 Americans, Ford, GM, and Chrysler together employ nearly 700,000." He cited a University of Michigan study which determined that each job in a U.S.-owned assembly plant creates 7.7 jobs in other plants. Moreover, automobile manufacturing in the United States and Canada accounts for 2.2 million jobs in the two countries.
 "Over the past decade, the domestic automobile industry has been going through the biggest revolution in its history," Rewey said. "Substantial progress has been made thus far, and we've set aggressive goals for the next decade.
 "As a company, Ford has chalked up a number of successes in the United States in recent years, due in large part to the involvement of employees and the unions that represent many of them."
 And that partnership will continue, Rewey noted, as Ford and its employees do their part to ensure American competitiveness.
 "America must awaken to the reality that we are risking the economic engine that, for decades, has made us the envy of the world. We simply must act to preserve it. By meeting the challenge successfully, we will redefine America's leadership in a new world order."
 -0- 11/5/92
 /CONTACT: Carolyn Burke of Ford, 313-594-3080/
 (F) CO: Ford Motor Company ST: Michigan, Colorado IN: AUT SU:


SB -- DE012 -- 7831 11/05/92 15:02 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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