GM is expected to invest $13 billion in U.S. facilities under new UAW deal
Publishing timestamp: 2023-11-04 13:16:27
Summary
General Motors plans to invest approximately $13 billion in U.S. facilities by April 2028 as part of its tentative agreement with the United Auto Workers union. The deal includes pay increases, bonuses, enhanced benefits, and a $5,000 ratification bonus for union members. The investments will support the production of electric vehicles and include funds for assembly plants, engine plants, and components plants. The agreement is still subject to ratification by the union's members.
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Keywords: autos, united states, business news, labor economy, detroit, breaking news: business, ford motor co, toyota motor corp, mike booth, stellantis nv, business, transportation, general motors co, personnel,