General Motors Co. and the United Auto Workers remain far apart on a deal after the union rejected the automaker’s offer from five days ago that would raise average compensation to $150,000 a year, say people familiar with the matter.
With a deal remaining elusive, Chief Executive Officer Mary Barra told salaried staff in a webcast Wednesday that the UAW’s latest counteroffer is still too expensive, the people said, requesting anonymity because her presentation was private. Barra compared GM’s labor costs of $67 an hour including benefits to $45 paid by electric-vehicle rival Tesla Inc. and said it would grow ...
