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Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local
As a result of Ford Motor Co.'s 2023 profits in the U.S., about 58,000 U.S. hourly workers will receive a profit-sharing checks averaging $10,416, Ford Chief Financial Officer John Lawler said ...
UAW official and Ford employee Marcel Edwards picks up UAW On Strike signs as he walks across Michigan Avenue to watch live announcement at Local 900 across from Ford's Michigan Assembly Plant in ...
That ratio is 362-to-1 at GM and 281-to-1 at Ford, putting all three automakers above the average S&P 500 company’s ratio of 272-to-1, according to the AFL-CIO, a major coalition of unions.
Ford announced in 2014 plans to reduce its vehicle platforms from sixteen to nine. [1] In 2014, Ford vehicles were built on fifteen distinct platforms. This only applies to Ford and Lincoln and not to any brands that were previously held by the company (such as Mazda and Volvo), and is expected to cut costs by 20%.
The Ford Driving Skills for Life program is a driver safety program aimed at teens that were developed together with the Governors Highway Safety Association and safety experts. [103] The Ford Volunteer Corps allows Ford employees and retirees to sign up for volunteering work on local projects in more than 40 countries. [104]
Germany's Kurzarbeit work program allows employers to reduce their employees' work hours for a period of time instead of firing them. Under the program, the government pays the workers 60% of ...
Energy Secretary Chu announced the loans to Ford employees in Detroit.. Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S ...
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