GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.

Some GM salaried workers are being let go as the company continues to use a new evaluation program that weeds out poor performers.

"I think we’ll do it February 1st." On the morning of January 28, Detroit Big Three automaker General Motors (GM) reported Q4 and full-year 2024 earnings, where they posted major losses. The automaker behind Chevrolet and Cadillac said it lost $2.

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.

Piston Automotive LLC won a state grant Tuesday for a planned $55 million hydrogen fuel cell plant in Detroit supplying General Motors Co.

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.

General Motors Co. lost $2.96 billion in the fourth quarter after a $4 billion charge for restructuring its struggling business in China, but it logged record full-year adjusted profits globally and in North America.

General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand

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.

An automotive group in Metro Detroit is one of many that is bracing for impact of possible tariffs imposed by the Trump Administration.