Paul Sancya/AP

General Motors released its 2016 earnings Tuesday morning, reporting that it earned $9.4 billion in 2016, enough to win unionized GM workers a $12,000 profit-sharing bonus. That compares to the $9,000 that Ford workers received in profit sharing.

Why it matters: There's no indication that pressure from the Trump Administration has caused auto manufacturers to significantly alter their investment and employment plans, though they have taken to highlighting already planned U.S. investment. And the announcement of profit-sharing figures reminds us that actual autoworkers have reason to dislike reforms that would make GM less profitable, even if that meant a few more Americans had good-paying jobs.

What's next: Analysts expect international sales growth to slow this year, and GM and Ford have both announced production cuts in recent weeks. The chances, therefore, that these firms will announce significant investment to ramp up production (and American jobs) are remote.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.