According to the AP:
CAW President Ken Lewenza called it a difficult few days but said GM ultimately agreed to the framework of a deal that the union reached with Ford Motor Co. earlier this week.
The union decided to keep working past a midnight Monday strike deadline after reaching a deal with Ford and extending its contracts with GM and Chrysler.
Workers stayed on the job as talks continued, but the union warned it could go on strike after giving GM and Chrysler 24 hours’ notice. They wanted the Ford contract to serve as a template for the other two companies.
Like the Ford deal, the GM agreement cuts wages for new hires and freezes pay for current workers. But it also gives them lump-sum payments to cover inflation and for ratifying the deal.
Douglas A. McIntyre