Ford to award profit-sharing checks of $7,500
Dearborn — Ford Motor Co. will give more than 54,000 United Auto Workers hourly employees profit-sharing checks of about $7,500 this year, the company said Wednesday.
The Blue Oval announced profit-sharing as part of its 2017 earnings. The company made $7.6 billion last year.
Last year, about 56,000 Ford UAW members received a record $9,000. That followed the 2016 profit-sharing results, which were the second-highest to last year’s results.
Fiat Chrysler Automobiles NV will report its 2017 earnings Thursday morning. The company is expected to announce profit-sharing amounts then, too. FCA has already said its U.S. hourly employees will receive $2,000 bonuses related to changes to the U.S. tax code.
General Motors Co. reports its earnings results the first week of February.