General Motors' net income rose 5.2 percent to $2.1 billion in the fourth quarter and exceeded the company's full-year forecast despite the six-week UAW strike and higher spending by the automaker's Cruise autonomous vehicle business.
Executives projected that earnings would be about the same or greater in 2024.
General Motors and Stellantis on Friday proposed raising top wages for UAW members to more than $40 per hour by 2027. GM also offered "substantial" improvements on other issues as it aims to end the strike now entering its sixth week.
