Market Chatter: General Motors, Stellantis Near Deal with Union Members, Ford Deal Up for Vote on Sunday

fidelity
2026.01.22 20:28
portai
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General Motors and Stellantis are close to tentative labor deals with the United Auto Workers union, following Ford's recent agreement that includes an 11% immediate raise and a total of about 30% by early 2028. The Ford deal awaits ratification by UAW members on Sunday, putting pressure on GM and Stellantis to finalize their agreements by Friday. The companies have not commented on the negotiations yet.