Those employees who have already been working in the office include engineering and technology teams, and assembly line workers have continued to report to work at their plants. Start the day smarter.
Stellantis is requiring its U.S. workers to report to the office three to five days a week at its Auburn Hills headquarters
Stellantis executives previously had championed remote working when it instituted its "New Era of Agility" in 2022.
Plus, electric vehicle startup Canoo has ceased operations and filed for bankruptcy, and General Motors faces an engine probe that could hit 870,000 vehicles.
GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.
The U.S. Equal Employment Opportunity Commission sues Stellantis, the UAW, and GM, accusing them of discrimination and harassment.
GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax earnings but contrasted by layoffs and an unchanged focus on gasoline vehicles.
GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record level.
For every $1 billion GM makes in North America, the automaker's hourly U.S. employees receive $1,000, according to the Detroit automaker's agreement with the United Auto Workers. GM made about $14.258 billion in North America in 2024, up 18% year-over-year.
GM announced a record-setting profit-sharing bonus for workers. The profit-sharing amount is much larger than in the past two years, amid workforce cuts. Scott Bessent confirmed as Treasury secretary, giving him a key role in extending Trump's tax cuts
Tesla stock opened down 0.7% at $395.19 ahead of earnings. Coming into this report, Tesla stock has fallen for five of the past six trading days, losing almost 7% over that span. The year-over-year gain is worth more than the market value of General Motors,
Detroit-based American Axle & Manufacturing Inc. CEO David Dauch spent much of Wednesday assuring analysts that the supplier’s $1.44 billion transatlantic takeover will benefit shareholders and the automotive industry.