autoevolution
 

Detroiters More Responsible with Cash Bonuses

General Motors, Ford and Chrysler are back in the game and, as all three performed pretty well last year, they started offering financial bonuses to their employees. Ford will reward workers with around $5,000 starting this week, Chrysler already did it while General Motors will do the same by the end of the month.

But all those who will get the bonus will spend each cent more carefully and not as in the past years when many of them purchased expensive products that were sometimes useless.

A report by the Detroit Free Press reveals that Detroiters aren't willing to buy boats, motorcycles or TVs, as they did in the past, but invest the money or pay their debts.

"I'm going to pump our economy back up as much as I can," Ford's Wayne Heath, 50-years-old, was quoted as saying by the aforementioned source. "Everybody I speak to is planning on home improvements, treats for themselves, for their families. Maybe some are putting (a) little bit of it away. There's not a lot of savings."

"My plan is to save it, put it toward retirement," Ann O'Connell, 58, of Wixom, added. "I know lots of people who would like to go spend, but people are cautious now, especially people my age."

But companies in the US have already started launching attractive offers, most of them aimed at the bonus cash the Detroit 3's workers will receive. "So, come on, autoworkers. The Big Three are comin' back strong and what a great time to own a new boat," one advertisement reads.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram
About the author: Bogdan Popa
Bogdan Popa profile photo

Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories