General Motors has reached a tentative deal with the United Auto Workers union to end a six-week strike that also hit Ford and Stellantis, an agreement that will bring to an end the first co-ordinated walkout at the three largest US carmakers.
GM has agreed to a 25 per cent hourly pay rise over the course of its four-year deal, the union announced on Monday. The agreement also brings back cost-of-living allowances for workers and includes one-time bonuses for retirees, according to people familiar with the details.
The terms are similar to a tentative deal struck with Ford and the union last week. Stellantis reached its own agreement on Saturday.
Read the full story on theĀ Financial Times here.