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

Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →