UAW's tentative agreement with Ford involves more money than the one negotiated with GM - a reflection of Ford's relatively stronger financial position.
- larger signing bonus
- bigger inflation-protection payouts
- more in profit sharing
- incentives for older workers to retire - making room for thousands of new, lower-paid workers
- Ford to invest $16 billion in U.S. products and factories, adding 5,750 new manufacturing jobs, on top of 7,000 previously announced jobs
- profit sharing - GM capped at $12,000/worker - at Ford there is no limit- Ford will pay larger retirement incentives than GM
- Ford committed to build more vehicles and auto components in the U.S. to create jobs
- $6.2 billion to upgrade and retool factories, partly to prepare for work being shifted here from Mexico, China, Japan and Europe
- $555 million at an underutilized plant in Michigan to prepare for the next-generation Mustang and to provide a second manufacturing site for the Ford Fusion, currently built only in Mexico. UAW leaders said Ford plans to export some of the 200,000 vehicles that will be built there
- Ford's overall labor costs will rise 1% as a result of the agreement
- investing $1 billion in Kansas City where next-generation F-series pickup truck and Transit commercial van (currently built in Europe) will be produced
- $639 million in Louisville, KY for launch of next Ford Escape and another, unannounced, vehicle will be built
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