Monday, February 14, 2011

Detroit's 3 bonuses could be a nation angry anger credit

11 February 2011-5: 01 pm ET RSS Feed Jamie LaReau covers Ford Motor Co. for automotive NewsFord motor company its hourly US workers over $5,000 each in profit sharing for 2010 pay. General Motors co. will tell out $750 to any hourly worker numbers approximately $3,200 and Chrysler Group shell media reports.

Workers received likely rewards of different quantities.

This is good news for Detroit and Michigan. It should be good news for the nation. U.S. automakers are good with more money stimulus.

But I worry that it is the entire nation are not well received.

Ford is one of the world's most profitable automaker. It achieved a profit of $6.56 billion last year. Plus, Ford declined to take government loans of the recession. Ford's profit-sharing is a continuation of the good news is.

But Ford's Detroit took counterparts Government bonds and for federal bankruptcy protection 2009 filed. Many people, the evil with tax dollars to GM and Chrysler afloat.

So how will the nation to respond, if hand the Detroit 3 bonuses if taxpayers own part of the company yet? Probably not so well despite loans in stages and with interest the fact, the numbers, the automakers.

It is a bold move by GM and Chrysler leaders to pay premiums.

But the folks at these automakers worked hard to turn losses into profits. While it with financial help from the taxpayer actions, you have still the work itself.

My view: Why should not you be rewarded?

Jamie Lareau reach at jlareau@crain.com.

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