When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010’s record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiation…
Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The pay…
Union employees at Chrysler Group will receive a $750 bonus next week as an acknowledgment of their contributions in helping to revive the once-bankrupt company, the automaker said Monday. Salaried workers, excluding the compan…
Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford h…
Ford will spend $400 million to upgrade its Kansas City, Mo., plant after production of the current Ford Escape compact SUV moves to another facility. It’s the fourth North American plant that Ford has overhauled or plans to as…