General Motors Co. unveiled a better-than-expected profit outlook, but US President Donald Trump’s tariff threats raised uncertainty about the automaker’s business. The shares plunged.
GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax earnings but contrasted by layoffs and an unchanged focus on gasoline vehicles.
In the last quarter of 2024, General Motors said it had become “variable profit positive” for the first time for its electric portfolio—meaning that the money GM is making f ...
In its fourth-quarter and full-year results reported Tuesday, General Motors hinted at big bonus checks for salaried workers, record-setting profit-sharing checks for hourly workers and said it ...
As a result of General Motors' yearly gains in profits, about 45,000 U.S. hourly workers will receive a record-setting profit-sharing check. GM said Tuesday that the 2024 pretax payout for its UAW ...
FLINT, MI -- General Motors’ 2024 profits will net hourly workers up to $14,500 -- a new record for the annual profit-sharing checks. GM’s announcement came in a letter to shareholders from ...
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FOX 2 Detroit on MSNGeneral Motors announces record profit-sharing bonus amid workforce cutsGM announced a record-setting profit-sharing bonus for workers. The profit-sharing amount is much larger than in the past two years, amid workforce cuts. Scott Bessent confirmed as Treasury secretary, ...
GM sold its vehicles at less of a discount than its competitors, with consumer incentives comprising a smaller share of the average transaction price than the industry mean, the company said. US ...
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GM reports 2025 pretax profit of $14.9 billion; takes $4 billion charge on China strugglesIn its fourth-quarter and full-year results reported Tuesday, General Motors hinted at big bonus checks for salaried workers, ...
GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record level.
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