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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 ...
Last fall Ford agreed to a big raise for striking members of the United Auto Workers union. Tuesday they gave their shareholders an even bigger raise. ... And that means the average profit sharing ...
The Ford Motor Company was the last of the "Big Three" automakers to recognize the UAW. ... An agreement on profit sharing with American Motors led nowhere, ...
As for its 2024 full-year outlook, Ford projected adjusted EBIT of $10 billion to $12 billion—below Ford's pre-UAW strike 2023 profit outlook of $11 billion to $12 billion, but higher than ...
Dodge v. Ford Motor Co., 204 Mich 459; 170 NW 668 (1919), [1] is a case in which the Michigan Supreme Court held that Henry Ford had to operate the Ford Motor Company in the interests of its shareholders, rather than in a manner for the benefit of his employees or customers.
In 1919, as Ford began buying out his minority shareholders, Wills demanded an accounting of the profit-sharing he had accrued. Ford ultimately provided Wills with a $1.5 million severance package. [3] In addition, Wills had amassed another $4 million from his own shrewd investments in steel firms. [3]
The Dearborn, Michigan, automaker posted a $523 million net loss from October through December versus a $1.26 billion profit for the same period a year ago. Ford reported a $1.7 billion noncash ...
Ford introduced the world's first moving assembly line that year, which reduced chassis assembly time from 12 + 1 ⁄ 2 hours in October to 2 hours 40 minutes (and ultimately 1 hour 33 minutes), [15] and boosted annual output to 202,667 units that year [15] After a Ford ad promised profit-sharing if sales hit 300,000 between August 1914 and ...