The United Auto Workers union and Ford have reached a tentative agreement in principle, which could signal the end of the nearly six-week strike with the Big Three automaker. The agreement includes a 25% general wage increase over the life of a new four-year contract, with cost-of-living pay increases potentially lifting the total pay raises above 30%. Ratification of the agreement with all three automakers is needed before the strike can officially end, and the estimated $2 billion in lost production can be recovered.
