- Local United Auto Workers union leaders approved a tentative agreement with Ford that includes $8.1 billion in new plant investments and $5,000 ratification bonuses.
- The 4 ½-year tentative agreement will now be presented to 57,000 UAW-Ford members for regional informational meetings and voting.
- The agreement was reached after targeted strikes against Ford, General Motors, and Stellantis, following the missed Sept. 14 deadline.
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.
Matthew Hatcher | AFP | Getty Images
Local United Auto Workers union leaders approved a tentative agreement with Ford Motor that includes $8.1 billion in new plant investments, $5,000 ratification bonuses, and other economic gains such as 25% compounded wage increases and improved profit-sharing payments.
The 4 ½-year tentative agreement, which was announced Wednesday, will now be presented to 57,000 UAW-Ford members for regional informational meetings and voting. The UAW expects the voting to conclude within a couple of weeks.
“We send this contract to you because we know it breaks records. We know it will change lives. But what happens next is up to you all,” UAW President Shawn Fain and UAW Vice President Chuck Browning said in a joint statement included in a summary of the deal.
UAW leaders outlined some details of the tentative agreement last week but released the summary and more than 800-page contract Sunday after local union leaders approved it for member voting.
The tentative agreement was reached after the union launched targeted strikes against Ford, General Motors, and Chrysler-parent Stellantis when the sides could not reach deals ahead of a Sept. 14 deadline.
The UAW announced a tentative deal Saturday with Stellantis, however, it has yet to reach a new agreement with GM, despite the sides being close to a deal last week.
The largest promised investments under the deal include $2.1 billion for Ohio Assembly for current products and a new electric van; $1.2 billion for a new EV at Louisville Assembly in Kentucky for pickup and SUV production, including hybrid versions of the Ford Expedition and Lincoln Navigator; $1 billion in Kansas City Assembly; and $900 million for F-150 production and a new electric truck.
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