United Auto Workers union hails strike-ending deals with automakers that would raise top assembly-plant hourly pay to more than $40 as 'record contracts'

According to several media reports and the union's own announcements, Ford's tentative labor agreement includes a 25% wage increase over the next 4½ years, as well as the restoration of a cost-of-living allowance the UAW lost in 2009. The Stellantis deal, according to UAW officials, is similar to the one reached with Ford in other ways – as, reportedly, is the one that the UAW agreed upon with GM. The Stellantis agreement also has provisions regarding specific North American plants, including the plant Stellantis had idled earlier in 2023 in Belvidere, Illinois, the UAW said.