The global auto industry will produce 88.8 million cars and light trucks this year, an almost six per cent drop from a year ago, according to researcher IHS Markit. In Canada, GM, Ford and FCA plan to eliminate production jobs this year or next.
The UAW said it secured an additional US$4.5 billion in investments from the company but released no other details. A council made up of officers from union locals representing FCA workers must approve the proposed four-year pact before it's presented to members for ratification. The council will review the agreement on Wednesday