Ford and UAW Continue Contract Negotiations Ahead of Deadline
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Ford CEO Jim Farley provided an update on negotiations with UAW in Detroit. He said Ford has made their "most generous offer" to UAW.
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UAW President Shawn Fain is expected to give a Facebook update on Thursday.
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The highest wage increase currently on the table is more than 14% over 4 years from Stellantis.
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Negotiations between UAW and Detroit automakers are ongoing ahead of the Sept. 14 deadline.
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Ford's offer includes pay raises, elimination of tiers, inflation protection and bigger retirement contributions.