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Tag Archives: 2011 financial results
Ford Motor Company Posts 2011 Profit of $8.8 Billion
As a result of Ford’s 2011 financial performance, profit sharing payments will go to 41,600 eligible U.S. hourly employees. Under the UAW-Ford collective bargaining agreement, Ford’s North American pre-tax profits of $6.2 billion will generate approximately $6,200 on a full year basis. Based on first-half 2011 results, about $3,750 was paid per employee, which was distributed in December 2011. For the second half of 2011, about $2,450 per employee will be paid in March. Continue reading
