General Motors (GM) has reached a tentative agreement with the UAW to end a six-week strike, Bloomberg’s David Welch reports. Terms of the deal with GM are “broadly similar” to the deal signed earlier by Ford (F) and Stellantis (STLA), including a 25% hourly pay raise plus cost-of-living allowances over the more-than-four-year contract, according to people familiar with the matter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GM:
- GM (NYSE:GM) Strikes Tentative Deal with UAW
- General Motors, UAW reach tentative agreement to end strike, Bloomberg reports
- General Motors price target lowered to $40 from $48 at Argus
- Stellantis (NYSE:STLA): Threat From UAW Out, Unifor In
- Toyota Motor (NYSE:TM): September Sales and Production Hit Record-High Levels
