Gm Workers To Get Cut Of Profits

General Motors is planning to pay its hourly workers in the U.S. at least $3,000 each under a profit-sharing provision in its UAW contract.

Sections:  news   business   
Topics:  auto industry   big three   general motors   gm   uaw   united auto workers   
  • Ford shareholders reject stock proposal
    Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
  • AP Source: Fiat mulls IPO after buying Chrysler
    The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
  • Ford Profit Rises on Strong North American Sales
    The automaker, which continues to struggle overseas, posted first-quarter net income of $1.6 billion, beating Wall Street expectations. More
  • Chinese Auto Market Shifts Toward Larger Cars
    Auto buyers in what is the world’s largest car market are shifting away from compacts and subcompacts and buying more midsize cars and sport utility vehicles. More
  • Ford, Chrysler US sales up in March
    March is turning out to be the best month for auto sales in at least six years. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increases, with some reporting their best monthly totals since the start of the Great Recession in December of 2007. More
  • A decade later, Team Trump pushing to restore pensions for Delphi retirees
    The move, coming less than two weeks before the election, represents a potential victory for more than 20,000 retirees of the former parts giant.
    10/22/2020 - 11:53 am | View Link
  • Electric Vehicles This Week: Delhi Govt’s Policy Helps Cut EV Cost, GM’s $2 Bn Plant & More
    Electric vehicles startups Ultraviolette Automotive raised fund from GoFrugal Technologies. Know more about the updates of EV industry here.
    10/22/2020 - 3:03 am | View Link
  • Less carbon, more electric vehicles: automakers prepare for potential Biden win
    Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.
    10/20/2020 - 8:37 pm | View Link
  • Canadian autoworkers’ union rams through job-cutting agreement with Fiat-Chrysler despite strong worker opposition
    Behind all the hype about jobs “saved,” Unifor is conspiring with the automakers and Canadian and Ontario governments to once again restructure the auto industry at workers’ expense.
    10/20/2020 - 2:04 pm | View Link
  • In lame-duck Baltimore mayor’s final months, big decisions and little communication
    In the final weeks of his short mayoral tenure, Baltimore Mayor Bernard C. "Jack" Young is pushing forward on decisions with long-lasting implications without fully communicating with his expected ...
    10/20/2020 - 1:37 am | View Link
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