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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.

Go deeper

Updated 13 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

1 hour ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.