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Toyota Wages and the Ford Maverick Show the Effects of UAW Talks
While the United Auto Workers’ 2023 labor negotiations were solely with the Detroit Three auto makers, the talks’ impact is evident across the entire U.S. auto industry. News from car companies beyond those three— Ford Motor (ticker: F), General Motors (GM), and Stellantis (STLA)—illustrates just how big the domino effect is. In the latest example, The Wall Street Journal reported Wednesday that many of Toyota ‘s (TM) U.S.-based hourly employees got a 9% raise, effective Jan. 1, citing a company spokesman.