United Auto Workers (UAW) President Shawn Fain said "serious" progress was made in negotiations with General Motors (GM) and Stellantis (STLA), but not Ford (F), as the union’s 澳洲幸运5官方开奖结果体彩网:stand up strike, which called approximately 34,000 UAW members to participate in walkouts, reaches its fifth week.

“I'm happy to report that in the past 24 hours, we've seen serious movement from both Stellantis and GM" though "Ford continues to stew about [the Kentucky Truck plant] and pretend that they can't afford what we're asking for,” Fain said. 

Last week, the UAW launched its first surprise strike expansion against Ford’s Kentucky Truck plant, the company’s largest plant, in a “澳洲幸运5官方开奖结果体彩网:new phase" in the strike where the unio♏n is prepared to launch unannounced walkouts throughout the week.

“GM and Stellantis got the message loud and clear,” Faid said, reporting that “both companies put a lot more money on the table." He noted that all three automakers have made significant wage increases in their most recent proposals, with a "23% raise on the table” compared to “9% when they made their first offer."

However, the union continued to press for better offers from the 澳洲幸运5官方开奖结果体彩网:Big Three automakers and warned of more walk♒outs ahead if further pro♒gress isn't made.

“There appears to still be some distance between the union and the companies on putting the joint venture battery plants under the national agreement, wages, and retirement security,” Marick Masters, a🍎 professor of business at Wayne State Unive🅠rsity and UAW historian, told Investopedia. 

The transition to electric vehicles is a sticking point for the Big Three and the union, specifically with Ford and Stellantis, since GM reportedly agreed that its electric battery manufacturing workers 澳洲幸运5官方开奖结果体彩网:would be i♑🅺ncluded in the UAW national agreement in earlier negotiations.

In its first four weeks, the UAW strike could have cost an estimated $7.7 billion in economic losses, according to the Anderson Economic Group. Ander🌄son Econ🎃omic Group Principal & CEO Patrick Anderson warned that the strike, which started on Sept. 15, has reached “the danger zone,” as “most of these costs are being borne by workers and by small- and medium-sized businesses, not by the Detroit 3.”

As of Friday’s close,ܫ GM shares have lost over 11% of their value since the close of trading on Sept. 14, just before the strike started. Ford shares dropped close to 7% over🍷 the same period, while Stellantis shares were up around 0.5%.