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FORD BOOSTS COMPANYWIDE BONUS AS INITIAL QUALITY IMPROVES

  • NEWS Desk Global
  • 57 minutes ago
  • 1 min read

Ford Motor CEO Jim Farley told employees in a town hall on Wednesday that companywide bonuses would be set to 130%, according to four people familiar with the matter, as the automaker delivered on its goal to improve vehicle quality.

Farley told attendees that the higher payouts are mainly due to the automaker’s improved initial vehicle quality, which measures repairs in the first 90 days of ownership. Farley said the metric is the best it has been in a decade.

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