GM Formula 1 team targets Concord for engine-building facility
The Charlotte area could soon be home to a Formula 1 team, expanding the area's motorsports presence. A public hearing will ...
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Cadillac F1 Team To Create 350 Jobs In Future Concord, North Carolina Facility
A grant was approved that will allow the Cadillac F1 team to build power units in Concord, North Carolina, creating over 350 jobs in the area.
F1 team plans $85M manufacturing facility in Concord in the heart of NASCAR country
Cadillac F1 plans to invest between $75 million to $85 million in its new facility, according to the city document. The ...
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GM 2024 bonus checks will be higher than 2023 for some salaried workers: How formula works
The hourly profit-sharing plan is based on a negotiated formula with the UAW union. It is $1,000 per every $1 billion in annual EBIT, or pretax profits for North America. As a result of GM's ...
GM profit sharing: Here's the record amount UAW members will get for 2024
For every $1 billion GM makes in North America, the automaker's hourly U.S. employees receive $1,000, according to the ...
UAW members at GM could get up to $14,500 in profit-sharing checks
GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record level.