GM reports record $9.7 billion earnings in 2015
- 8 years ago
General Motors Co. on Wednesday said it earned a record $9.7 billion in 2015, including $6.3 billion in the fourth quarter The Detroit automaker posted a record $10.8 billion pre-tax profit, with profit margins of 7.1 percent.
The strong numbers were driven by good performances in China and North America, where GM earned a record $11 billion with record adjusted profit margins of 10.3 percent.
It reached the milestone 10 percent margins a year ahead of schedule.
As a result, GM’s roughly 49,600 hourly UAW employees will make up to $11,000 in profit sharing, which will be paid out Feb. 26.
The strong numbers were driven by good performances in China and North America, where GM earned a record $11 billion with record adjusted profit margins of 10.3 percent.
It reached the milestone 10 percent margins a year ahead of schedule.
As a result, GM’s roughly 49,600 hourly UAW employees will make up to $11,000 in profit sharing, which will be paid out Feb. 26.