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GM profits could ripple out in Bowling Green

GM profits could ripple out in Bowling Green

General Motors

by AP

WHAS11.com

Posted on February 19, 2012 at 9:45 PM

BOWLING GREEN, Ky. (AP) -- With General Motors posting a $7.6 billion profit last year, employees at the automaker's Bowling Green plant are also reaping a windfall as a part of the company's profit-sharing distributions.
   Eldon Renaud, president of the United Auto Workers Local 2164, told The Daily News the money -- about $7,000 per employee -- is a tremendous boost for their morale (http://bit.ly/wlMBVL ).
   Derek Hull, a certified financial planner with Wells Fargo, said the money for GM workers could have a ripple effect on the local community because those workers will start to spend the money on things like entertainment, dining, vacations and college expenses.
   About 500 full-time workers and another 100 contract workers work in Bowling Green producing the GM's Corvette.

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