Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Corporation    GM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

General Motors Company : Ford to pay bonuses, raises for salaried workers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/19/2012 | 06:27pm CEST

Ford Motor Co (>> Ford Motor Company) will give bonuses and merit-based raises to salaried workers in the United States and Canada this spring, the first time the No. 2 U.S. automaker has paid out both since the onset of the financial crisis.

The company will offer an average 2.7 percent salary increase that is based largely on individual performance, Ford spokeswoman Marcey Evans said.

The raises will be effective April 1 and bonuses will paid in March, Evans added.

Mark Fields, who runs Ford's operations in North and South America, sent a note last week to 20,000 salaried employees in the United States and Canada confirming that both bonuses and merit pay increases will be offered.

Ford last offered both in 2008, when the U.S. automaker was in the early stages of its turnaround plan "One Ford" under Chief Executive Alan Mulally.

Then in the fall of 2008, investment Lehman Brothers filed for bankruptcy, sending global markets into a tailspin and pushing Ford's crosstown rivals General Motors Co (>> General Motors Company) and Chrysler Group LLC (>> Fiat SpA) to the brink of collapse.

Ford, the only U.S. automaker not to take a federal bailout, paid neither bonuses nor pay increases in 2009.

In 2010, Ford offered only merit-based pay increases to salaried workers. Last year, salaried employees received a only a bonus.

(Reporting by Deepa Seetharaman in Detroit. Editing by Gunna Dickson)

Stocks treated in this article : Ford Motor Company, General Motors Company, Fiat SpA
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS CORPORATION
06/27 U.S. plaintiffs' lawyers warn of automaker role in Takata bankruptcy
06/27 GENERAL MOTORS : Cadillac DPi-V.R Teams Ready for Six at The Glen
06/27 GENERAL MOTORS : Gm india starts beat exports to latin america
06/27 Germany to create national diesel forum to cut emissions
06/27DJGENERAL MOTORS : GM Lowers Outlook For Industrywide Sales -- WSJ
06/27 GENERAL MOTORS : Opel weathers GM storm
06/26 GENERAL MOTORS CORPORATION : Lundin Law PC Announces a Securities Class Action L..
06/26 GENERAL MOTORS : GM lowers outlook for U.S. 2017 new vehicle sales
06/26DJGENERAL MOTORS : Lowers Outlook for Industry Vehicle Sales
06/26 GENERAL MOTORS : Cadillac Racing Third Again at Road America
More news
Sector news : Auto & Truck Manufacturers - NEC
06/27 BlackBerry seeks sales force to match software focus
06/27DJEuropean Cities Are Just Saying 'No' to Scandal-Tinged Diesel Vehicles
06/27 Germany to create national diesel forum to cut emissions
06/27DJEuropean Cities Are Just Saying 'No' to Scandal-Tinged Diesel Vehicles
06/27 CARLOS GHOSN : Nissan says CEO Ghosn's salary rose 2.5 percent last year
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
06/27 General Motors (GM) Investor Presentation - Slideshow
06/27 U.S. automobile industry adjusts to lower volume
06/27 WALL STREET BREAKFAST : Google Hit With Record EU Fine
06/27 Carmaker shares fall on gloomy outlook
06/27 New German emissions testing body
Advertisement
Financials ($)
Sales 2017 159 479 M
EBIT 2017 11 440 M
Net income 2017 8 822 M
Debt 2017 3 032 M
Yield 2017 4,52%
P/E ratio 2017 5,81
P/E ratio 2018 5,93
EV / Sales 2017 0,35x
EV / Sales 2018 0,29x
Capitalization 52 095 M
More Financials
Chart GENERAL MOTORS CORPORATION
Duration : Period :
General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL MOTORS CO...
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 39,3 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS CORPORA..-1.84%51 612
TOYOTA MOTOR CORP-14.56%171 765
DAIMLER-7.57%78 173
VOLKSWAGEN0.71%76 046
BAYERISCHE MOTOREN WER..-5.93%60 764
HONDA MOTOR CO LTD-9.85%49 809
More Results