Ford and UAW Narrow Pay Gap in 'Active' Talks, But Key Issues Remain Unresolved
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UAW and Ford have narrowed differences on pay increases after new offer from automaker amid "really active" talks, per sources.
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Ford proposed "more than 20% general wage increase" in new comprehensive offer, not compounded. With COLA, total could near 30% over contract.
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But key issues remain unresolved, including retirement plans and union representation at battery plants.
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GM secured new $6B credit line through 2024 amid strike costing estimated $200M in Q3 so far.
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Nearly 30% of auto parts suppliers surveyed have done layoffs due to strikes, 60% expect more if walkouts continue.
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