Ford, Canadian autoworkers deal

GM Reveals $1.1 Billion Labor Strike Hit, Reinstates Earnings Guidance

GM is reinstating its earnings guidance, accelerating a stock buyback program and addressing issues with Cruise and EV battery production following labor disruptions.

The Messenger on MSN · 16h

GM Says Labor Contracts With Autoworkers Will Cost $9.3 Billion, Announces $10 Billion Stock Buyback

General Motors on Wednesday said its new labor contracts with American and Canadian autoworkers will cost $9.3 billion over the life of the separate agreements, even as it announced a $10 billion share buyback program and a 33% dividend hike.

Yahoo Finance · 18h

GM says pretax earnings took $1.1B hit from autoworkers strike, but says it can absorb costs of deal

General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.

The Boston Globe · 7h

GM says it can handle rising labor costs as it announces huge share buyback and dividend increase

Due to $2 billion worth of annual efficiency gains and cost reductions expected by the end of next year, the company said it can can handle $9.3 billion in labor cost increases from US and Canadian union contracts through April of 2028.

Chicago Tribune · 12h

Autoworker strike cost General Motors $1.1 billion

GM, as well as rivals Ford and Jeep maker Stellantis, agreed to new contracts with the UAW that raise top assembly plant worker pay by about 33% by the time the deals expire in April of 2028.

The Globe and Mail · 13h

Autoworker strike cost GM $1.1B, which it says it can absorb as it announces massive stock buyback

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Columbus Dispatch23d

Unifor members ratify deal with Stellantis, ending Detroit 3 bargaining in Canada

Autoworkers in Canada now have a new contract with Stellantis, too. Unifor, the union representing those workers, announced ...

CBC.ca1mon

Tentative deal reached between Canadian autoworkers and Chrysler parent Stellantis

A tentative deal has been reached between Unifor and Stellantis for its Canadian plants and workers, according to the union. In an emailed statement sent at 7:40 a.m., Unifor's director of ...

Hosted on MSN1mon

Canadian autoworkers ratify new contract with GM, leaving only Stellantis without deal

TORONTO — Canadian autoworkers have voted to ratify a three-year contract agreement with General Motors. Members of Unifor, the union representing about 4,300 Canadian workers at three Ontario ...

12don MSN

Ford union workers ratify UAW deal, closing out historic negotiations with Detroit automakers

A majority of Ford facilities overwhelmingly approved the deal, which, like those with GM and Stellantis, includes at least ...

AOL1mon

Autoworkers in Canada OK deal with GM

Autoworkers in Canada ratified a new labor contract Sunday with General Motors, averting a resumption of a strike that had lasted about 13 hours on Tuesday. Members of Unifor, the Canadian union ...

ABC News27d

UAW members at the first Ford plant to go on strike vote to approve new contract

Members at the Michigan Assembly Plant voted 81% in favor of the deal. DETROIT -- Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract ...

CNBC1mon

Canadian auto union reaches deal with Stellantis after brief labor strike

Canadian union Unifor and Stellantis have reached a tentative agreement Monday morning. The deal ended a brief strike that began after a deal wasn't reached by 11:59 p.m. Sunday. The Unifor ...

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