As the country’s employment rate improved, consumer confidence as well as spending has increased leading to increases in sales of most major carmakers in the United States in March – their best in 16 years.
Is there anybody who is not familiar with General Motors? It is one of the biggest carmakers in the United States and the rest of the world. This conglomerate stands there right at the top with popular car brands like Ford, Toyota, Honda, Nissan, BMW, Hyundai and all the others.
General Motors Company recently announced $6.3 billion earnings in the fourth quarter. This is five times more than $1.1 billion the automaker earned for the same period in 2014. As a reward, its GE Motors UAW workers will get profit sharing of up to $11,000 computed on the company’s $11 billion pretax profit in North America for 2016.
Lucky Charms cereal lovers who love the marshmallow charms of General Mills’ box of cereals, your prayers have finally been answered. The company has decided to create special boxes of marshmallow-only treats. However, there’s a catch — only 10 people will get to own this coveted boxes.
Fiat Chrysler CEO is very persistent about the merger with General Motors, convinced that combining both entities will generate about $30 billion per year in cash. Despite a claimed well-structured proposal, GM CEO has still refused.