Overview

• The United Auto Workers union has ratified a new contract with Ford, along with similar deals with General Motors and Stellantis, ending six-week-long strikes at all three automakers.
• The new contracts, which run through April 2028, will raise pay across the industry and force automakers to absorb higher costs.
• Top assembly plant workers are to receive immediate 11% raises and will earn roughly $42 an hour when the contracts expire in April of 2028.
• The automakers also agreed to bring new electric-vehicle battery plants into the national union contract, giving the UAW an opportunity to unionize these plants.
• Three non-union, foreign automakers in the United States — Honda, Toyota and Hyundai — quickly responded to the UAW contract by raising wages for their factory workers.