UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses

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UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
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The 4 ½-year tentative agreement will now be rolled out to 57,000 UAW-Ford members for regional informational meetings and then voting, the union said Sunday

Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford that includes $8.1 billion in new investment by the company and $5,000 ratification bonuses.The tentative deal was reached following the union launching targeted strikes against Ford, General Motors and Stellantis following the sides not reaching deals ahead of a Sept. 14 deadline.that includes $8.

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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