DETROIT (AP) -- Ford Motor Co. says it will pay performance bonuses to all hourly and salaried workers in the U.S. and Canada and its management team around the world because the company is making progress toward becoming profitable again.
Chief Executive Alan Mulally said in a message to all workers on Wednesday that the Dearborn, Mich.-based company fell short of its market share goals in North and South America, and Asia. But it met objectives in all other categories including cost reductions, quality, cash flow and financial results.
Ford lost $2.7 billion last year and $12.6 billion in 2006. But Mulally said in the message that the global company is poised to become profitable again next year.