#SigningBonus

General Motors-United Auto Workers Deal Includes Billions for Plants, Bonuses For Workers

A proposed contract between the United Auto Workers and General Motors will eventually end a tiered pay system divided between veteran auto workers and employees hired after 2008, and provide annual bonuses and substantial raises for the first time in a decade. The automaker has offered an $8,000 signing bonus to approve the deal.

The proposed deal outlines the automaker’s $8.3 billion investment in American plants — above its $6.4 billion improvements already announced — over the life of the contract. The deal was posted on the UAW website Thursday.

The deal for GM workers, which is sweeter than the deal hammered out between the UAW and Fiat Chrysler Automobiles, will be reviewed and voted on in coming weeks.

Aaron Cole Oct 29, 2015

Recent Comments

Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.

Car Reviews By Make

view all

Top stories

General Motors-United Auto Workers Deal Includes Billions for Plants, Bonuses For Workers

Latest Car Reviews

2023 Ford F-150 Raptor R Review – Beast Mode

Drive Notes: 2024 Alfa Romeo Tonale eAWD

Drive Notes: 2024 Ford Maverick Hybrid XLT

2024 Hyundai Elantra N Review – Tightening Up

2025 Hyundai Ioniq 5 N Review – Shockingly Spicy

Drive Notes: 2024 Kia Telluride SX-Prestige X-Line

Drive Notes: 2024 Nissan Versa SR

Latest Product Reviews

Best Amazon Prime Day Deals for TTAC Readers

TTAC Video of the Week: Looking Back on NASCAR Invading LeMans

Here’s How To Get the Best Deal on Winter Tires Right Now

Best Power Inverters for Your Car: Plugging Away

Best Sunshades for the Car: Where the Sun Don't Shine

Recent Comments

Car Reviews By Make