Market Commentary and Intraday News
Canadian auto union reaches deal with GM
245 days ago
By ROB GILLIES
(AP:TORONTO) The Canadian Auto Workers union says it has reached a tentative deal with General Motors.
CAW spokeswoman Shannon Devine said a deal was agreed on late Thursday.
The union earlier said it could serve GM with a 24-hour strike notice after saying they failed to meet the pattern of a deal the union reached with Ford.
The union decided to keep working past a midnight Monday strike deadline after reaching a deal with Ford and extending its contracts with GM and Chrysler.
Workers stayed on the job as talks continued, but the union said it could go on strike after giving GM and Chrysler 24 hours' notice. They wanted the Ford contract to serve as a template for the other two companies. There is no deal yet with Chrysler.
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