Source link : https://tech365.info/gm-revenue-sharing-takes-a-hit-some-uaw-members-blame-evs-cleantechnica/
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Tesla’s current monetary reporting has gotten a number of consideration this week. Its enterprise continues to develop into much less centered on EVs and its already restricted lineup is shrinking. General, Tesla shouldn’t be on a constructive trajectory. Gross sales, income, and earnings are down, however it’s nonetheless worthwhile.
Nevertheless, Tesla was not the one firm reporting monetary outcomes. Fueled by home pickup and SUV gross sales, GM posted strong profitability within the US, beating expectations. Shares went up. Whereas traders appeared to help GM’s retreat on EVs in North America, it racked up billions in prices related to “EV strategic realignment.” That is projected to extend profitability in 2026, and Wall Road appears to approve. However not everyone seems to be completely satisfied.
GM UAW workers noticed a serious hit to their revenue sharing checks in 2025. Certified workers obtain $1,000 for each billion {dollars} GM studies in North America EBIT (earnings earlier than curiosity and taxes). For 2025, GMNA (Normal Motors North America) made $10.452 billion EBIT, which rounds as much as a $10,500 revenue sharing test. The payout was $4000 extra final 12 months.
Like Clark Griswald in Nationwide Lampoon’s Christmas Trip, many have been relying on the cash. Some doubtless already spent it. Whereas “Cousin…
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Author : tech365
Publish date : 2026-01-30 00:20:00
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