According to Bloomberg News, a tentative agreement has been reached between the United Auto Workers (UAW) and Ford, with the new contract reportedly including a 25 percent pay raise for hourly workers. While the agreement still requires approval by union members through voting, this promising development marks a potential end to the strike against the company, indicating progress after weeks of standing on the picket line. Meanwhile, the strike has expanded to two large assembly plants for General Motors and Stellantis, disrupting the production of some profitable vehicles. The strike has expanded to include the Arlington, Texas, plant producing GM’s full-size SUVs and Stellantis’ Sterling Heights, Michigan, facility building the Ram 1500 full-size pickup truck. While GM claims their offer is the most significant they’ve ever proposed, the UAW alleges that the offers from GM and Stellantis are insufficient and seek to protect the financial well-being of their members. The strike’s impact on Stellantis has led to significant withdrawal from major auto shows, citing inflated costs due to the strike. As developments unfold, we will provide updates on the situation.

Get Cars Value provides updated news & trends regularly. Article sourced from Caranddriver.