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 hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.
Detroit Pistons owner Tom Gores is leading an investor group to bring the WNBA back to Michigan, and it features a long list of notable names.
American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, continues its growth.
What U.S. vehicles are built in China? There has been much handwringing over whether Chinese automakers should be allowed other sell cars in the U.S. But many buyers don't know that five 2025 vehicles available at U.
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations, but shares fell sharply in trading Tuesday as investors weighed the threat of tariffs that could hit the automaker's business.
Piston Automotive LLC won a state grant Tuesday for a planned $55 million hydrogen fuel cell plant in Detroit supplying General Motors Co.
While investors will be watching GM’s quarterly results, they will also be focused on its guidance for 2025 and any changes under the Trump administration.
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.
GM 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, giving him a key role in extending Trump's tax cuts
General Motors Co. in Detroit today reported record 2024 profits of $14.9 billion, up 21 percent over 2023. The automaker did so with $187 billion in revenue last year, a 9 percent increase over year prior.
General Motors (NYSE: GM) turned in a strong 2024 on the back of rising sales. In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs.