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GM-UAW back at bargaining table; auto stocks rise

DETROIT — As General Motors and the United Auto Workers returned to the bargaining table Monday, auto shares rose on optimism the two sides were closer to a critical agreement that could take billions in retiree health costs off GM's books, according to USA Today.

At the plants, workers were less certain as they spent a third day without a contract.

Negotiations resumed around 11 a.m., GM spokesman Tom Wickham said. Negotiators were making progress but still had a lot of work to do, according to a person who was briefed on the talks. The person spoke on condition of anonymity because the talks are private.

Posted by Peter C. T. Elsworth  at 9:59 AM to GM , Unions | Permalink

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