Providers and Administrators in blue logo
MenuMENU
SearchSEARCH

Ford Reinstates Benefits for Salaried Employees

December 15, 2009
1 min to read


DETROIT — Thousands of Ford Motor Co.'s U.S. salaried employees have been notified that merit pay increases, tuition reimbursement and 401(k) contributions are slated to be offered again next year, reported The Associated Press.


Ford had cut the benefits as it careened through three years of losses that topped $30 billion between 2006 and 2008. But things have been turning up for Ford.

Ad Loading...


The Dearborn, Mich., automaker posted a $1.8 billion profit through September. And on Thursday, Mark Fields, Ford's president of the Americas, sent an e-mail to employees saying Ford would:

  • Reinstate 401(k) matches starting Jan. 1;

  • Reinstate salaried tuition assistance for classes starting on or before March 1;

  • Reinstate merit pay increases.

Ford spokeswoman Marcey Evans said those merit increases would be paid April 1.


The majority of Ford's 21,300 salaried employees in North America work in the United States, but the automaker does not provide numbers by country.


After enjoying a string of victories over the past year, including a $1.8 billion profit through September, Ford Motor Co. made a move that would make founder Henry Ford proud.

Ad Loading...


Ford Motor Co. told U.S. salaried employees Thursday that it would restore a variety of compensation perks, such as merit pay, tuition reimbursement and 401(k) matches.

More Industry

Showroomby Lauren LawrenceMarch 4, 2026

Used-Vehicle Program Aims to Draw More Buyers

GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.

Read More →
Industryby Hannah MitchellMarch 3, 2026

Auto Dealers Cautiously Hopeful

Though traffic and profits were down in the first quarter, normally optimistic franchisees and independents saw dim current conditions while holding out visions of healthy spring sales.

Read More →
Industryby StaffMarch 3, 2026

Black Book: Weekly Market Update

Conversions picked up last week at wholesale vehicle auctions, according to the market observer, as the spring shopping season appeared to begin.

Read More →
Ad Loading...
white Audi car in a service bay
Industryby Lauren LawrenceMarch 3, 2026

Recall Service Reaches Milestone

Eight state DMVs participate in the Vehicle Recall Search Service created by Carfax and the Alliance for Automotive Innovation to reduce the number of unaddressed vehicle recall repairs.

Read More →
Industryby Hannah MitchellMarch 2, 2026

Meet the Editor: Hannah Mitchell

A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.

Read More →
Summit Updatesby StaffMarch 2, 2026

Enhance Your Dealer's F&I Workflow at Agent Summit

This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.

Read More →
Ad Loading...
Industryby Hannah MitchellMarch 2, 2026

Auto Brands Hold the Line on Retention

A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.

Read More →
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Lauren LawrenceFebruary 24, 2026

China Leads Battery Production

Between 2020 and 2025, gigafactory capacity grew six-fold and is set to grow another 118% by 2030, according Benchmark data.

Read More →
Ad Loading...
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →