In addition, about 40,000 union workers at Fiat-Chrysler will get profit-sharing checks of $5,500, as well as $2,000 bonuses. Also, about 54,000 workers at Ford will get profit-sharing checks of $7,500 each.
GM made $12.8 billion in pre-tax profits in 2017, said USA Today. Fiat-Chrysler earned $4.4 billion in pre-tax profits in 2017, and Ford pulled in $8.4 billion in pretax profits.
"The actions we took to further strengthen our core business and advance our visions for personal mobility made 2017 a transformative year," said GM Chairman and CEO Mary Barra. "We will continue executing our plan and reshaping our company to position it for long-term success."