General Motors continues to thin its ranks under a new evaluation program that looks to let go of poor-performing salaried workers, according to two sources familiar with the company's plans.
GM said Tuesday that the 2024 pretax payout for its UAW-represented workforce will be up to $14,500 for those who qualify. That's a jump from the 2023 payout of $12,250. For 2022, GM's payout of ...
GM told the white-collar workforce Tuesday in an email that the company outperformed its earnings targets in 2024 and therefore it will base the bonus pay using a multiplier of 144%, up from 130% ...
GM has reportedly cut more jobs, targeting underperforming employees through the automaker’s revamped annual performance evaluation system. Affected workers were notified last Friday. The ...
General Motors (GM) continued its strong run of quarterly performance last year, with full-year profit that came in at the high end of its range and upbeat forward guidance. But challenges remain ...
GM’s share of the US electric vehicle market doubled in the fourth quarter as the new Chevy Equinox EV became a top seller. With new electric Cadillac SUVs arriving this year, GM sees more ...
Pontiac GTO. This Baja Gold Ram Air III Goat will cross the Mecum Auctions block at their Glendale, Arizona event in March.
GM posts strong results, better outlook for 2025 than expected Shares slump as tariffs become likely Automaker has brought inventory in early due to tariff threats GM sold 2.7 mln vehicles in 2024 ...
In 2024, GM’s EV sales surged 50% to 114,432, its highest ever aided by the new Equinox EV, a Tesla Model Y fighter. That made it one of the fastest-growing players in the electric space.
The metric doesn't account for the costs of retooling factories and building new assembly lines for EVs, but it's still a significant step for GM. The term "variable profit positive" comes with a ...
GM reports record profits with stronger results ahead. But Trump’s policies bring some uncertainty
But the company admitted a number of policy headwinds from the Trump administration could derail that profit guidance, as GM and the rest of the US auto industry deals with making plans in the ...
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