The union members had voted Jan. 15 to authorize a strike, the UAW reported earlier. The new contract secures profit-sharing and cost-of-living benefits for the first time at Detroit Axle.

Workers at Detroit Axle have approved a new contract, which the UAW says will boost some wages by as much as 50% over the life of the agreement. The union had previously noted that Detroit Diesel ...

Ford Motor Co. said Wednesday it will pay profit-sharing bonuses of approximately $10,208 to hourly autoworkers in the United States for 2024. The total amount for employees could be above or ...