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UAW $7,000 Bonuses on Record GM Profit Drives U.S. Economy: Cars

Mike Green says he already knows how he’s going to use a $7,000 profit-sharing check from General Motors Co.: He’ll help his son buy a new car, throw him a graduation party and sock some money away in the bank.

“A lot of people are going to catch up on stuff,” said Green, president of UAW Local 652 in Lansing, Michigan, where GM builds Cadillacs. “People haven’t really had a raise since 2005. It’s kind of nice we get to reap some of the rewards now.”