Transportation
GM, Stellantis Agree to 25% UAW Pay Hike as Sides Near Deal
- Other details still being hashed out, people familiar say
- Stellantis offers to build vehicle in idled Illinois plant
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant in Lansing, Michigan.
Photographer: Bill Pugliano/Getty ImagesThis article is for subscribers only.
General Motors Co. and Stellantis NV have each agreed to provide 25% wage increases to United Auto Workers members in their ongoing contract talks, matching the same offer by Ford Motor Co. to end the six-week strike, according to people familiar with the discussions.
The GM proposal also includes cost-of-living increases over the more-than-four-year contract, according to two of the people, who were not authorized to speak about the negotiations. A tentative agreement may be signed late Friday or early Saturday as the two sides work on final details, including how to handle temporary workers, the people said.