General Motors Sets Record with \$640 Million Profit Sharing Payout

What is the amount of the profit sharing payout?
Over \$640 million.
How much can each employee receive?
Up to \$14,500 per person.
What contributed to GM’s strong financial performance in 2024?
Growth in full-size pickups, new SUVs, and expanding EV portfolios.
How did GM manage to distance itself from industry pressures?
By focusing on execution and profitability.
What is the impact of GM’s EV expansion?
GM doubled its EV market share over the year.
What is the significance of the profit sharing payout?
It reflects GM’s commitment to sharing economic gains with employees.
How much did investors earn in total return?
A 50% total return.
What are the new Cadillac EVs that GM will offer?
The ESCALADE IQ, OPTIQ, and VISTIQ.
What are some of the highest volume nameplates launched in 2024?
Chevrolet Equinox, Chevrolet Traverse, and GMC Acadia.
What steps is GM taking in China?
Reporting positive equity income and working to improve performance with its partner.

General Motors’ record profit sharing payout is a testament to the company’s robust financial performance in 2024. The distribution of over \$640 million to U.S. hourly employees highlights GM’s commitment to sharing its economic gains. With a strong focus on execution, profitability, and the expansion of its EV portfolio, GM continues to drive success and reward its employees.