Ford to offer 3 buyout options to salaried staff
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Ford Motor Co. F.N will offer three   buyout programs to U.S. salaried workers in an effort to cut   10,000 white-collar jobs by end of first quarter 2007, a   spokeswoman said on Wednesday.
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DEARBORN, Mich. -- Ford Motor Co.'s board will be faced this week with the option of cutting about 6,000 more jobs than previously announced as part of changes to its North American turnaround effort, according to a published report yesterday.
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Fordâs decision comes after its board met last week, according to people with knowledge of the situation.
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Ford Motor Co. said Tuesday it was &quot;actively&quot; studying options that could include the sale of its British nameplates Jaguar and Land Rover as part of a companywide strategic review.
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DETROIT -- Ford's hourly work force is shrinking to half its current size, following the announcement yesterday that 38,000 hourly workers have agreed to accept early retirement or buyout packages this year.
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Ford Motor Co.  said on Wednesday it estimates that its accelerated restructuring plan, announced in September, will cost $11.18 billion, with most of that going to programs to lay off employees.
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VAN BUREN TOWNSHIP, Mich. - Visteon Corp. is offering its 8,100 white-collar employees $1,000 cash bonuses to buy Ford Motor Co. vehicles and boost its largest customer and former parent company in its race with General Motors Corp.
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Ford Motor Co.  on Wednesday said a total of 38,000 employees -- almost half of the automaker's U.S. factory workforce -- had accepted buyout offers to leave the company.
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The three big Detroit automakers will seek unprecedented concessions from the United Auto Workers union in contract negotiations, The Wall Street Journal reported in its online edition on Thursday, citing auto executives.
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Ford may part ways with both its British luxury-car brands as it raises money for its turnaround efforts.
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Ford Motor Co.  on Wednesday said  it would offer zero-percent financing offer on almost all of  its vehicles and give buyers &#36;1,000 toward gas purchases as  part of its most aggressive sales incentive program of the  year.
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Ford in negotiations with Indian automaker over sale of its two subsidiary luxury brands.
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Ford Motor Co  on Thursday posted a narrower fourth-quarter loss after cutting costs and boosting margins on vehicles and said it would offer broad buyouts to union workers in the United States.
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DETROIT -- Ford Motor Co.ÃÂ ÃÂ Ford Motor Co. said Friday that it plans to cut 10,000 more salaried jobs, offer buyouts to all hourly workers and shut down two more plants as part of a dramatic restructuring plan designed to rein in expenses and restore the struggling automaker to profitability.
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The Indian company said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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DETROIT -- Ford Motor Co. plans to expand buyout and early retirement offers to the company's entire U.S. hourly work force of 75,000 as part of a broader restructuring plan aimed at restoring the troubled No. 2 automaker to profitability.
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General Motors Corp  said on Tuesday it has reached an agreement with the United Auto Workers union to offer a new round of buyouts to its U.S. hourly workers.