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.
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,
Stellantis NV will report its 2024 financial results and profit sharing for U.S. employees on Feb. 26.
Ford Motor Co. on Wednesday reported its 2024 adjusted earnings before interest and taxes dropped slightly to $10.2 billion, ...
The UAW has thrown its backing behind a security crackdown at Ford factories, including bag searches and the stationing of ...
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During Ford’s Q4 earnings call yesterday, Farley warned that prolonged tariffs on imports coming from Mexico and Canada, ...
In September, Ultium Cells agreed to recognize the UAW at a separate GM-backed EV battery plant in Spring Hill, Tennessee. Ford has launched several other battery factories in Kentucky ...
Buoyed by notable Southern victories in 2024, the United Auto Workers Union is on a quest to organize the electric vehicle ...
The BlueOval SK plant, owned by a partnership of South Korea’s SK On and Ford, is the latest battery battleground for the union. United Auto Workers union President Shawn Fain joins UAW members ...
A supermajority of workers at BlueOval SK voted to file a petition last week with the National Labor Relations Board to unite with the UAW.
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a ...
While CEO Jim Farley recently announced Ford ’s plans for a potential Raptor-style supercar based on its Dakar Rally racer, ...
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