GM Shares Slip 3.8% to $75.73 After Iran Strikes; UAW Bonus at $10,500
General Motors Co. shares plunged 3.76% to $75.73 per share Monday morning after U.S.-Israeli air strikes on Feb. 28 stoked oil and gold price surges. Meanwhile, GM’s UAW workers secured a $10,500 profit-sharing payout and the company mapped 600,000 miles for its 2028 eyes-off Super Cruise rollout.
1. Stock Impact from Middle East Strikes
GM shares fell 3.76% to $75.73 in early trading after U.S.-Israeli air strikes on Feb. 28 heightened geopolitical tensions and sent oil and gold prices higher, prompting broad auto sector losses.
2. UAW Profit-Sharing Bonus Details
For fiscal year 2025, GM’s United Auto Workers received a $10,500 profit-sharing check, outpacing Ford’s nearly $7,000 payout and contrasting sharply with Stellantis, which issued no bonus following a significant annual loss.
3. Eyes-Off Super Cruise Mapping Milestone
GM has mapped 600,000 miles of hands-free driving routes and recorded 700 million Super Cruise miles driven, laying the groundwork for its Cadillac Escalade IQ eyes-off driving feature slated to launch in 2028.