General Motors will pay approximately 42,500 hourly workers up to $10,250 in profit-sharing payments in their Feb. 25 paychecks, based on its strong financial results in 2021, the company announced Feb. 1. Last year, the payment to workers was $9,000. “General Motors is proud to provide our hourly employees with among the highest profit-sharing payments in…
General Motors to Add 8,000 Technical Workers This Year
DETROIT—There are more than 8,000 new technical job openings at General Motors, and the automaker plans to fill them during a hiring spree this year. The Detroit automaker is looking for software, computer, mechanical and electrical engineers, as well as battery engineers, cyber security experts, and others. GM said in a statement Wednesday that it’s…
GM Renovating NY Factory so It Can Make Electric Motor Parts
LOCKPORT, N.Y.—General Motors says it will spend about $154 million to revamp an aging factory near Buffalo, New York, so it can make a key part for electric vehicle motors. The automaker says it will add about 230 jobs at the factory in Lockport, about 30 miles northeast of Buffalo, to build stator modules, the…
GM to Spend $6.5 Billion, Add 4,000 Jobs at Michigan EV Factories
LANSING, Mich.—General Motors is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state’s economic development board is expected to approve an incentives package Tuesday, according to a meeting agenda posted online. The Associated Press previously reported…
General Motors Takes On Carvana, Carmax With New Digital Retail Platform Targeting Used Car Sales
General Motors Co. on Tuesday introduced on a new digital retail platform that the automaker says will “elevate” the shopping and ownership experience of used cars. What Happened GM launched a website called CarBravo, which offers customers access to an expansive inventory of used vehicles, along with an omnichannel shopping experience and exclusive ownership benefits. “CarBravo…
GM’s Electric Commercial Vehicle Unit Signs Deals With Walmart, FedEx
January 6, 2022
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General Motors announced at the Consumer Electronics Show (CES) in Las Vegas on Jan. 5 that its electric commercial vehicle business, BrightDrop, has signed a new deal to supply thousands of battery powered trucks to Walmart and will supply additional units to FedEx. The financial terms of the two deals have not yet been disclosed…
General Motors Building Electric Vehicle Supply Chain in America
December 10, 2021
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General Motors has announced two separate deals on Thursday under which the company will develop a domestic supply chain based in the United States for sourcing rare earth magnets, alloys, and materials for its Ultium platform electric vehicles. Indicating a move away from dependence on China, the world’s largest electric vehicle (EV) market, General Motors…
GM Venture to Build North American Battery Chemical Plant
December 1, 2021
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DETROIT—General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella. The Detroit automaker said Wednesday that details of the venture are still being worked out, including investment amounts and the…
Unionized Workers Won’t Have to Get COVID-19 Vaccine, Automakers Decide
November 25, 2021
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A major union and three large automakers announced an agreement this week that includes not mandating COVID-19 vaccination. Ford, General Motors, and Stellantis are asking members of the United Auto Workers (UAW) union to share whether they’ve had a shot, but are not requiring them to do so at this time, the four parties announced…
NTD Business Full Broadcast (Oct. 27)
More details about the democrats’ proposed billionaires tax, who would it affect and how much they would be taxed? McDonald’s making a healthy recovery out of the pandemic– especially compared to rivals. What’s behind its stronger-than-expected sales? And General Motors also beating expectations– despite major challenges. But experts say there are more disruptions to come.
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