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INDIANA - The new labor contracts between the United Auto Workers union and General Motors, Ford, and Stellantis will make a big difference in the paychecks of 145,000 autoworkers. It will raise their pay at least 11% immediately and likely more than 30% over the contract's life. But it won ...
Soaring financing costs means that roughly 17.5% of shoppers now pay over $1,000 or more a month on their car note, up from 17.1% the previous quarter, a recent Edmunds survey said.
The new labor contracts between the United Auto Workers union and General Motors, Ford and Stellantis will make a big difference in the paychecks of 145,000 autoworkers.
Labor pay is just a tiny percentage of what it costs to build a car
The new labor contracts between the United Auto Workers union and General Motors, Ford and Stellantis will make a big difference in the paychecks of 145,000 autoworkers. It will raise their pay at least 11% immediately, and likely more than 30% over the life of the contract. But it’s not going to make much difference in the prices you have to pay when buying your next car.