- United Auto Workers (UAW) union members voted to ratify new contracts with Ford and Stellantis.
- Nearly 70% of UAW members at Stellantis and over 68% of Ford workers voted in favor of the new contracts, according to the union's vote counters.
- General Motors union workers voted to ratify their contract on Thursday.
Nearly 70% of the 27,810 UAW members at Stellantis voted in favor of the new contract, which the union reported was valued at 103% more than the Chrysler parent company's initial offer prior to the strike.
The new Stellantis contract includes a 25% increase in wages, compared to a 23% increase from 2001 to 2022, the UAW said.
At Ford, over 68% of 34,657 UAW members voted to ratify the new contract, worth more than 50% of Ford's initial offer and providing a 25% wage increase.
Stellantis shares were up 1% in intraday trading Friday following the news, while Ford shares rose 0.8% and GM shares climbed 1.3%.