GM, Chrysler bonuses may reach 50% of pay: Bloomberg

General Motors Co and Chrysler Group LLC could award some managers bonuses of up to 50% of their salary, Bloomberg reported on Thursday, citing three people familiar with the matter.

GM plans to pay 26,000 US employees bonuses as high as 50%, Bloomberg reported. Most managers will receive bonuses between 15% to 20% of their annual salary.

Chrysler's bonuses for its 10,755 salaried workers will average about USD 10,000 and could be paid as soon as Friday. Some employees who are not subject to pay restrictions could net as much as half their salary, according to Bloomberg.

Ford Motor Co is expected to pay bonuses equal to 10% or more of their base pay to some salaried staff, Bloomberg reported.

Chrysler declined to comment. GM and Ford could not be immediately reached for comment.