Ford, Canadian autoworkers deal

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.

The Messenger on MSN · 9h

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.

Chicago Tribune · 5h

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 Associated Press on MSN · 11h

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.

ABC · 11h

GM says strike cost $1.1B, but it can absorb rising labor costs as it raises dividend

Clearly frustrated with its languishing share price, General Motors is announcing a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-we

The Globe and Mail · 6h

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

Real-time index price for Nasdaq Bank Index (BANK), along with buy or sell indicators, analysis, charts, historical performance, news and more

Columbus Dispatch22d

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.ca29d

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 ...

Motor Trend13d

GM UAW Workers Approve Strike-Ending Deal, Ford and Stellantis Up Next: What You Need to Know

Update November 16: After a nail-biting round of ratification votes, workers at GM workers narrowly approve the new labor contract that will give them 25 percent wage increases by the time the ...

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