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March 27, 2014 AT 7:05 AM
Though they are sometimes blamed for the financial woes at other car companies, labor unions actually helped save Ford as competitors such as GM went bankrupt, Bill Ford said on Thursday. Ford, the executive chairman of the Detroit automaker, said in an interview on CNBC's Squawk Box, that the former United Auto Workers President Ron Gettelfinger doesn't get enough credit for helping to shore up the books during Ford's darkest hour.