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The UAW's 'record contract' hinges on pensions, battery plants

DETROIT - After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers. General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements. Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA. The companies have offered to boost pay for temporary workers and give them a faster path to full-time, full-wage status. All three have proposed slashing the time it takes a new hire to get to the top UAW pay rate. The progress in contract talks follows the first-ever simultaneous strike by the UAW against Detroit's Big Three automakers. The union began the strike on Sept. 15 in hopes of forcing a better deal from each major automaker. But coming close to a deal is not the same thing as reaching a deal. Big obstacles remain on at least two major UAW demands: restoring the retirement security provided by pre-2007 defined benefit pension plans, and covering present and future joint- venture electric vehicle battery plants under the union's master contracts with the automakers. On retirement, none of the automakers has agreed to restore pre-2007 defined-benefit pension plans for workers hired after 2007. Doing so could force the automakers to again burden their balance sheets with multibillion-dollar liabilities. GM and the former Chrysler unloaded most of those liabilities in their 2009 bankruptcies. The union and automakers have explored an approach to providing more income security by offering annuities as an investment option in their company-sponsored 401(k) savings plans, people familiar with the discussions said. Stellantis referred to an annuity option as part of a more generous 401(k) proposal on Sept. 22. Annuities or similar instruments could give UAW retirees assurance of fixed, predictable payouts less dependent on stock market ups and downs, experts said. Recent changes in federal law have removed obstacles to including annuities as a feature of corporate 401(k) plans, said Olivia Mitchell, a professor at the University of Pennsylvania Wharton School and an expert on pensions and retirement. "Retirees want a way to be assured they won't run out of money," Mitchell said.

2020 Chevrolet Tahoe, Suburban and GMC Yukon all spied with production lights

One of our spy photographers just caught a smattering of full-size GM SUVs out testing, including the Chevrolet Tahoe, Suburban and GMC Yukon. Previous spy photos of the next-generation of these big GM SUVs have revealed that GM is going with an independent rear suspension design, and these shots confirm the news once again with our best look at the hardware yet. Check them out from the rear, lined up like ducks in a row to see the beefy control arms down there. This will undoubtedly give the big SUVs a more compliant ride, and should bring it back into touch with the refinement from the Ford Expedition and Lincoln Navigator. The new bits we get to see with these shots are production headlights and taillights that are shaping up to look pretty neat. Most distinguishable are the GMC Yukon's LED DRLs. These look a lot like the C-shaped LEDs outlining the headlights on the Sierra, but they have an extra LED strip on top of the C. The parts of the taillights that we can see look significantly different than that found on the Sierra, showing GM is planning on having a great deal of differentiation there. We can sort of see through the mesh covering the grille to what appears to be a classic horizontal bar style front opening. Chevy is predictably dialing the crazy LED strip design back for the Tahoe and Suburban. The parts that are lit up look a whole lot like the headlight fixtures on the 2019 Silverado. That truck uses a stack of lights with the actual headlights separated from the DRLs. We can see the same thing going on here, with the headlight up top and curved LED DRL strip sitting below. It's tough to say if the designs are exactly alike, but we expect to see an extremely Silverado-esque look once all the camouflage comes off. Chevrolet's taillight design differs from its donor truck like the GMC, showing off a curved, vertical series of LEDs out back. Once production lights start popping up like this, we know the vehicle is moving closer to its end game. A reveal sometime later this year could be in the cards for GM's next batch of full-size SUVs. It certainly needs them quick, as Ford rockets ahead with increased Expedition production announced earlier this week.

2025 GMC Terrain spy photos show it inside and out

Chevy recently introduced the redesigned 2025 Equinox, but GMC has, so far, been silent about the Terrain, the Equinox's fraternal twin. But it does seem that there is a redesigned 2025 GMC Terrain on the way. These spy photos show the new model, and they reveal that the GMC will be even more distinct from the Equinox with this generation than the previous ones. From the outside, what we can see suggests the new Terrain will be more evolutionary than the Equinox. It still has a fairly upright nose with a tall grille and the C-shaped headlights. Along the side, there's still a distinct kink up at the back of the door that carries into the rear quarter window and around the back. Not many details are clear at the back, but new to this Terrain are visible exhaust outlets, a pair of rectangular ones sitting in cutouts at the base of the bumper. The inside is a massive change from the current model, and one that is quite welcome. The design clearly borrows from the also recently redesigned Acadia. It's centered around a monolithic screen with a center control knob and a set of physical switches at the screen's base. There doesn't seem to be much panel on either side of the screen, so the air vents may sit at the top of the screen. The instrument cluster is another screen, but a wide landscape-oriented example. The rest of the dash will probably be channeling some modern industrial looks with rectangular, horizontal and beveled panels. Since the new Equinox is launching this year, we're expecting this Terrain to launch this year, too, or ever so slightly later. It should be revealed in a few months to fit that launch window. It will undoubtedly get the same new platform used by the gas-powered Equinox, along with the turbocharged 1.5-liter four-cylinder with 175 horsepower. All-wheel and front-wheel drive should be on offer with an eight-speed automatic or CVT respectively. The GMC will also surely get a luxurious Denali trim and an off-road-oriented AT4 trim, the latter of which will probably get the addition of amber marker lights over the wheel arches like on the pickup trucks and the Acadia AT4. Related Video: