MARKETS

UAW seeks 40% pay increase from auto makers: WSJ

The United Auto Workers union is asking the big Detroit auto makers to raise factory workers’ pay by 40% for a new four-year labor contract, the Wall Street Journal reported on Thursday. The demand from the union — which represents around 150,000 hourly employees at General Motors Co.
GM,
-1.26%,
Ford Motor Co.
F,
+0.46%
and Stellantis
STLA,
-0.51%
— follows signs of a tougher stance from union leadership on the talks ahead of a Sept. 14 expiration date for the current contract.

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