GM To Issue Profit-Sharing Checks To Workers

By Peter Neumann

GM To Issue Profit-Sharing Checks To Workers

February 14, 2013 Updated Nov 4, 2013 at 10:24 AM EST

DETROIT, Mich. (www.incnow.tv) -- GM posted an 89% growth in 4th quarter income, and says it'll issue profit-sharing checks to its 49,000 hourly U.S. workers.

Those checks could be up to $6,750, which is about $250 less than a year earlier.

For the year, GM's 2012 net income fell to $4.9-billion, down 36% from a year earlier.

The European market has hurt GM's profitability, while North American sales continue to flourish.

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