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General Motors aims to regain the trust of investors by announcing a series of initiatives on Wednesday, following a challenging year involving labor strikes and struggles with its electric and autonomous vehicle plans. The Detroit automaker plans to boost its quarterly dividend by 33% to 12 cents per share, along with launching an accelerated $10…
Ford Motor’s UAW Union Members Approve Tentative Labor Agreement After contentious negotiations, union members at Ford Motor approved a tentative agreement, concluding contract negotiations between the United Auto Workers and Detroit automakers. The UAW-Ford workers were the last of the automakers to ratify their pact, following General Motors workers who narrowly approved an agreement Thursday…
Stellantis, the parent company of Chrysler, has announced that it will be giving voluntary buyouts to around half of its white-collar U.S. employees in order to reduce the company’s headcount and cut costs for its operations in North America. The voluntary separation packages will be offered to 6,400 out of 12,700 non-bargaining unit U.S. employees…
United Auto Workers (UAW) union leaders in Detroit have approved a tentative agreement with Ford Motor. The deal includes $8.1 billion in new plant investments, $5,000 ratification bonuses, and other economic gains such as compounded wage increases and improved profit-sharing payments. The 4 ½-year tentative agreement was announced last week and will now be presented…
Negotiators from the United Auto Workers (UAW) union and Stellantis have reached a tentative agreement after six weeks of labor strikes, according to sources familiar with the matter. The terms of the deal are still subject to approval by UAW leadership before being announced publicly on Saturday. This agreement is modeled after the one reached…
