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 ...
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 ...
‘It didn’t work’ – Formula 1 star Esteban Ocon delighted about rule removal – despite it helping him
Esteban Ocon is willing to give up points for the greater good of Formula 1. While a major change to F1 cars and the ...
Charlotte Observer10d
F1 team plans $85M manufacturing facility in Concord in the heart of NASCAR country
In November, Formula 1 announced it had reached an agreement with General Motors to support bringing GM/Cadillac as the 11th team to Formula 1 in 2026. Last month, GM and TWG Motorsports announced ...
GM 2024 bonus checks will be higher than 2023 for some salaried workers: How formula works
An internal document obtained by the Free Press reveals how much more GM will pay out in bonuses to its salaried workforce ...
7 Burning Questions Heading Into the 2025 F1 Season
How much development time, resource, and finance will each team place on 2025 versus 2026? There won’t be much time ...
Cadillac F1 project wins incentives at Hendrick Motorsports site in Concord
General Motors announced in November 2024 its Cadillac Formula 1 team. It launched last month GM Performance Power Units LLC, ...
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 ...
Detroit Free Press24d
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 ...