Jan 26, 2017

Ford hourly US workers to get $9,000 profit-share bonus

Ford makes the vast bulk of its profits in North America. Earlier this month, Ford said it would cancel a $1.6bn plant it planned to build in Mexico and instead would extend operations at its Flat Rock factory in Michigan. Ford boss Mark Fields said at that time the decision was partly due to "Dramatically" falling sales of small cars and partly a "Vote of confidence" in Donald Trump's policies. The US president, while president-elect, had criticised both Ford and its rival General Motors over production of models in Mexico. Ford's financial officer, Bob Shanks, said it was "Watching" the Trump administration for an idea of how its policies would affect the company's plans.

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