Ford and UAW Reach Tentative Deal with Major Pay Raises, Retirement Benefits for Workers

Tentative deal between Ford and UAW gives workers best terms in decades, but cost increase should be manageable for Ford.

Deal likely to serve as template for pacts with GM and Stellantis.

25% raise over 4.5 years, improved retirement benefits part of deal.

Ford's ability to compete will depend more on innovation and efficiency in vehicles and technology.

4-year deal ensures no strikes during critical transition period to EVs.