UAW members at GM could get up to $14,500 in profit-sharing checks
GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record level.
GM profit sharing: Here's the record amount UAW members will get for 2024
For every $1 billion GM makes in North America, the automaker's hourly U.S. employees receive $1,000, according to the Detroit automaker's agreement with the United Auto Workers. GM made about $14.258 billion in North America in 2024, up 18% year-over-year.
Record Profit Sharing Payout For GM UAW Workers
GM has issued its quarterly letter to shareholders for Q4 of the 2024 calendar year, highlighting a payout up to $14,500 per employee in performance bonuses.
UAW members at Ford to get up to $10,208 in profit-sharing
Based on Ford Motor Co.'s annual profits in the United States, some 57,000 hourly workers at its factory could get sizable profit-sharing checks.
Ford Expects Profitability to Shrink in 2025
Ford Motor posted higher revenue and a 2.4% increase in net income for the fourth quarter of 2024. But its forecast for this year isn’t as upbeat. The Dearborn, Mich.-based automaker is guiding to a significant drop in adjusted pre-tax earnings in 2025,
Ford Falls After Warning of Steep Profit Decline This Year
Ford Motor Co. shares tumbled after warning that profit this year may fall by $2 billion or more due to to lower vehicle prices and costly new-model launches, adding to risks posed by potential new tariffs under President Donald Trump.
General Motors hourly employees receiving record-breaking profit-sharing checks
GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.
MLive9d
GM profit-sharing checks hit new record with worker payouts up to $14,500
General Motors’ 2024 profits will net hourly workers up to $14,500 -- a new record for the annual profit-sharing checks.
Hoodline8d
GM Announces Record Profit-Sharing Checks of Up to $14,500 for Workers Amid Financial Ups and Downs
GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax ...
Ford profit sharing: Here's how much UAW members will get for 2024
Stellantis NV will report its 2024 financial results and profit sharing for U.S. employees on Feb. 26.
General Motors workers to receive record profit-sharing checks as EV production uncertain under Trump
General Motors announced record-breaking profits, which workers will see in their pockets with a $14,500 check.
FOX 2 Detroit on MSN9d
General Motors announces record profit-sharing bonus amid workforce cuts
GM announced a record-setting profit-sharing bonus for workers. The profit-sharing amount is much larger than in the past two ...
journalgazette1dOpinion
GM profit-sharing checks will benefit all of northeast Indiana
More than $45.5 million in discretionary consumer spending soon will be coursing through the northeast Indiana economy, ...
GM 2024 bonus checks will be higher than 2023 for some salaried workers: How formula works
An internal document obtained by the Free Press reveals how much more GM will pay out in bonuses to its salaried workforce ...