GM hourly workers to receive $7,500 profit sharing checks - ABC 12 – WJRT – Flint, MI

GM hourly workers to receive $7,500 profit sharing checks

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(02/06/14) - General Motors workers received some good news, Thursday. GM announced that 2013 was a pretty good year financially. While net income was down compared to last year, it was the fourth consecutive year the automaker turned a profit.

That means the company will pay profit-sharing checks of up to $7,500 to just more than 48,000 eligible GM hourly workers.

At the Chicago Auto Show, Thursday, Chevrolet showed off its bi-fuel version of the 2015 Silverado 2500HD and 3500HD pickups. Compressed natural gas burns cleaner and cost less than gasoline.

The Silverado HDs are built in Flint and Fort Wayne.

GM says companies and municipalities that operate fleets of trucks can save a lot of money by using CNG. The CNG fuel system is covered by GM's five year, 100,000 mile powertrain limited warranty.

The 6-liter engine features special hardened valves and valve seats that enable it to run on CNG or gasoline.

GM says depending on their usage habits, many customers can recoup the extra expense of the CNG system within a few years and the lower fuel cost makes for a significant reduction in daily operating expenses.

"The building and construction industries, they love really strong, capable, powerful trucks that can get the job done and that offers a great benefit from a fuel economy stand point as well. We think it's going to be a big hit for them," said Ed Peper, U.S. vice president, General Motors Fleet and Commercial.

In the past few years, many commercial fleet operations have installed CNG pumps at their garages for trucks that handle that fuel.

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