GM, UAW Hold Marathon Talks Seeking Deal to End 6-Week Strike; Ford Pact with UAW Likely to Set Pattern

GM and UAW engaged in intensive, overnight talks to try to reach a new labor contract deal to end the 6-week strike
Ford was first of Detroit's Big 3 to reach a tentative deal with UAW that will likely set pattern for GM and Stellantis
Ford deal includes 25% wage increase over 4.5 years, more retirement contributions, faster path to top pay, right to strike over closures
With COLA, Ford deal amounts to over 33% pay hike for workers
Ford says strike has cost it $1.3 billion and 80,000 vehicles so far