"GM, Ford, and Stellantis Invest Billions in U.S. Facilities, UAW Members to Receive Wage Compensation"

1 min read
Source: CNBC
"GM, Ford, and Stellantis Invest Billions in U.S. Facilities, UAW Members to Receive Wage Compensation"
Photo: CNBC
TL;DR Summary

General Motors (GM) plans to invest approximately $13 billion in U.S. facilities by April 2028, according to a tentative agreement with the United Auto Workers (UAW) union. The investments include new electric vehicle plants, assembly plants, engine and components plants, and more. The details of the agreement, which also include pay increases and enhanced benefits for autoworkers, must still be ratified by the union's members. GM's investments are lower compared to Ford and Stellantis, but they do not include previously announced investments in battery cell plants. The UAW intends to leverage these record contracts to unionize other automakers.

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