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Ford Profit-Sharing Payouts Jump by $2,100
Ford Motor Co.'s 45,800 members of the United Auto Workers union will receive profit-sharing checks averaging $8,300 in March compared with about $6,200 last year.
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Ford Motor Co.'s 45,800 members of the United Auto Workers union will receive profit-sharing checks averaging $8,300 in March compared with about $6,200 last year.
The increase is tied to the 35% surge to $8.3 billion in Ford's North American pretax operating profit in 2012. This year's payout surpasses the previous record of $8,000 that Ford workers earned in 1999 under a different profit-sharing formula.
Chrysler Group LLC will pay an average of $2,250 per worker in profit sharing compared with $1,500 last year. The company's 2012 earnings report did not break out North American profit.
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