Ford

Ford to lower managers’ bonuses as company performance slips

KC Crain and Jim Farley Congress Arc 2024
Automotive News Publisher KC Crain and Jim Farley at a Sept. 23 dinner honoring our 2024 Rising Stars (DEAN STORM)
October 31, 2024 05:05 PM

Ford Motor CEO Jim Farley has told employees that the automaker needs to speed efforts to improve quality and lower costs, and that manager bonuses, tied to those metrics, would be slashed to 65 percent of their total, according to three people familiar with the matter.

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