Wall RSS FeedSource: UAW and Axle could have a deal by weekend
DETROIT — The bitter labor stalemate between American Axle and Manufacturing Holdings Inc. and the UAW appears to be over, with significant progress taking place at the bargaining table.
A tentative contract agreement could be reached by this weekend, a source familiar with the discussions told Automotive News late Wednesday.
” They are very close,” the source said. ” They could reach an agreement by this weekend. Both sides have finally come to their senses.”
As with any protracted labor negotiation, there is no guarantee a deal can be reached, but this is the first sign of real progress in the dispute that has all but halted General Motors’ SUV production in the U.S.
