GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.

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.

General Motors’ 2024 profits will net hourly workers up to $14,500 -- a new record for the annual profit-sharing checks.

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 has issued its quarterly letter to shareholders for Q4 of the 2024 calendar year, highlighting a payout up to $14,500 per employee in performance bonuses.

In a letter to its shareholders on Tuesday, GM announced their successful 2024 would produce a record-setting profit-sharing bonus of up to $14,500, worth two months' of extra pay for its workers.