GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.
The U.S. Equal Employment Opportunity Commission sues Stellantis, the UAW, and GM, accusing them of discrimination and harassment.
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.
Plus, electric vehicle startup Canoo has ceased operations and filed for bankruptcy, and General Motors faces an engine probe that could hit 870,000 vehicles.
In the final days of the Biden presidency the U.S. Equal Employment Opportunity Commission filed filed a pair of significant anti-discrimination lawsuits.
GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record level.
Stellantis faces significant operational challenges and competition despite being a major automotive manufacturer, leading the analyst to maintain a hold rating on the stock.
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on General Motors (GM – Research Report) and
Rank-and-file workers expressed their anger and disgust over the decision by the United Auto Workers bureaucracy to run roughshod over their democratic will.
Motorists with Ford, Jeep or Chevrolet cars on their driveway have been warned to check whether they are impacted by the car recalls after Christmas.
Hedge funds offer valuable insights for retail investors. ETFs based on bullish sectors such as autos, homebuilding, mining and AI can capitalize on these themes.
The tech exists, and vehicles on the road already have it, yet a consortium of carmakers doesn’t want to make this lifesaving equipment standard. The reason is as old as the hills—money.