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

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.

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.