new ford cars
BONUSES WILL BE GIVEN TO ALL THE FULL-TIME HOURLY WORKERS OF FORD.
You read that right, all in caps for you to read it clearly. The cash-craving domestic auto maker is giving away bonuses to its workers.
This also does include all employees who work in the company’s Hegewisch and Chicago Heights plants. They will all receive $500 bonuses this day despite the financial crisis happening on the company.
Some salaried workers will also receiving a special one time performance award plus cash price of ranging between $300 and $800. The company did not mention the specific amount of the bonus that they will be giving away.
According to the world’s 2nd best seller of cars and vehicles, the awards were given specifically to 2,200 workers at the Ford Chicago Assembly Plant at 12000 S. Torrence because for three weeks, the workers have been on downtime. Meaning, all the majority of workers are on a lay-off. The plant is said to be producing the Ford 500, the 2008 Ford Taurus and the Mercury Sable as well as the Montego in its two previous model years.
If you remember last week, Ford CEO and President Alan Mullaly announced a plan that costs the company to spend $40 million when he wanted to recognize his company workers by giving them rewards and bonuses for their accomplishments and contributions to Ford.
"You significantly reduced costs. You continued to close the quality gap with our competitors. And you courageously began the job of restructuring Ford as a smaller company," the chief executive officer stated in a letter to Ford workers. The CEO hopes that the worker will still continue to do their work after the awards and the bonuses are received.
The company will be giving the bonuses to all the full-time employees on Dec. 31, 2006, and those who voluntarily accepted a buyout. These are the makers of quality Ford parts and performance parts for the Ford car you are driving now.
If you remember last year of September, almost 2,000 job cuts took place and along with that, some 59 branches scattered across the entire US were closed. That’s, of course, minus a quarter of its staff in the North America.
Now, it is the first time that Ford had announced its budget for their rebadging. Ford credit announced last September that they are not yet able to estimate the cost of the reconstruction.
The company reached the Securities and Exchange Commission on Friday after the domestic car company estimated the full charges connected to its cost-cutting plans. Ford finally filed with the commission.
There are huge $200 million charges for job cuts for Ford last year and that includes a $29 million accrue last year. It said "substantially all of the balance" would be accrued in the first quarter of this year.
Ford had a job cut on its 14,000 salaried jobs last year. The company had to do the job cut in order to compensate with the great need of the company. Ford was noted to experience a decline on sales as well as its sales on both cars and trucks. Ford also had a decline on sales of its Ford parts this year because of the counterfeit parts existing in the market. The Centerforce clutch is just one among its parts which are counterfeited.
Last year, a very disappointing record breaking $12.7 billion was taken away from the 2nd largest auto maker of the US. Also, 37,000 factory workers without the buyout and early retirement offers were accepted.
ford carsThe Ford S-Max has been recently awarded the "Auto 1 of Europe" prize, according to AutoBild, Germany’s largest car magazine. The S-max crossover also took home an individual trophy for the minivan category in the Auto 1 Awards thanks to its "kinetic design" cues.
Numerous honors have granted the S-Max along with its imposing title as "Car of the Year 2007". It also has taken over fifteen national or individual magazine awards including AutoBild’s "Design Award". The one who accepted the prized award was John Fleming, President and CEO of Ford of Europe and Bernhard Mattes, Chairman of the Management Board at Ford Werke GmbH. Dr. Andreas Wiele presented the award during the Auto 1 Gala celebration at Espace Secheron in Geneva (he's the Chairman of the magazine segment at Axel Springe AG).
Over 40 million readers throughout Europe participated in choosing their favorite cars and performance parts. The top choices underwent a round of tests and analysis judged by a special jury. These tests were conducted at the test facility of the tire manufacturer Bridgestone in Aprilia near Rome, Italy. Participating in the professional jury are managing editors, technology specialist and racing drivers.
As John Fleming said proudly in a statement, "This is fantastic news and these awards fill us with pride. Together with the other awards that have been won by the Ford S-Max this latest accolade shows this car has touched a nerve with the public and the specialist media."
Well, it's proof enough that the S-Max has prevailed over its vehicle competitions.
