General Motors Co. employees are getting as much as $11,000 each in profit sharing in the wake of the company’s record profits in 2015, while top GM executives said the outlook for 2016 remains very promising.
That exceeds last year’s $9,300 enjoyed by UAW workers. However, Mary Barra, GM’s chairman and chief executive officer, tempered expectations telling analysts that GM is confident that the demand vehicles is at a peak and will begin to drop.
“It’s hard to predict a downturn,” she said, adding that GM believes the economic fundamentals are still relatively strong and stable. (more…)