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Workers are on strike at all 3 Detroit auto makers for the first time in their union's history (apnews.com)

submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml

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[-] SamboT@lemm.ee 11 points 1 year ago

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

GM's comparatively strong financial performance enabled the Detroit automaker to deliver profit-sharing bonuses of $12,750 to approximately 42,300 hourly employees (total number of employees in 2022 was 167,000) - GM's highest such profit-sharing payout. The bonuses total $500 million for the year, the company said.

https://www.detroitnews.com/story/business/autos/general-motors/2023/01/31/gm-reports-nearly-10-billion-in-profit-in-2022/69856635007/

https://investor.gm.com/news-releases/news-release-details/gm-reports-third-quarter-2022-results

[-] Reverendender@sh.itjust.works 4 points 1 year ago

How well do you sleep well at night after shilling for large corporations online?

“GM's full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company's revised EBIT-adjusted guidance range.”

https://www.prnewswire.com/news-releases/gm-releases-2022-fourth-quarter-and-full-year-results-and-2023-guidance-301734091.html