Ford, UAW Reach Tentative Deal
Includes 25% wage bump, awaits member ratification.

The union said the cumulative increase amounts to a top wage of more than $40 an hour and a starting wage of $28 an hour.
IMAGE: Ford
Ford reached a tentative contract agreement with the United Auto Workers union after almost six weeks of strikes, becoming the first of the big three Detroit automakers to end plant walkouts.
UAW had kept pushing for higher wages, and Ford ultimately decided to acquiesce, granting 25% increases over the contract, which would stretch into 2028.
The union said the cumulative increase amounts to a top wage of more than $40 an hour and a starting wage of $28 an hour.
The agreement, which awaits union member ratification, is the first among the big three and therefore pressures General Motors and Jeep maker Stellantis to follow suit.
UAW President Shawn Fain said in a video statement that the union aimed to get a greater share of automakers’ record profits in wages.
“Since the strike began, Ford put 50% more on the table than when we walked out. This agreement sets us on a new path to make things right at Ford, at the Big Three, and across the auto industry. Together, we are turning the tide for the working class in this country.”
Ford President and CEO Jim Farley said in a statement that it’s proud to employ the most hourly auto workers and that it’s looking forward to “shipping our full lineup to our customers again.”
The company releases its third-quarter results later today, though full effects of the strike may not be seen until the fourth.
Originally posted on Auto Dealer Today
More Industry

EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →
Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
Read More →
New Mexico Stores Change Hands
Three dealerships owned by three brothers are renamed for a new partnership bridging the founders’ family and a new auto retail leader.
Read More →
International Automakers Overpower Domestic Output
As the current U.S. administration pushes for domestic automotive production, a new report sheds light on the prevalence of international automakers here.
Read More →
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →