General Motors (NYSE:GM) has reportedly inked a preliminary agreement with the United Auto Workers (UAW), aligning its efforts with competitors Ford (NYSE:F) and Stellantis (NYSE:STLA) to resolve a bitter labor disagreement that has halted crucial operations for over a month and a half.

Although specific details about the GM agreement remain under wraps, sources like Bloomberg suggest that the terms closely resemble those settled upon by Ford and Stellantis.

For reference, both Ford and Stellantis have committed to providing their union workers with a 25% wage hike, reactivating COLA (cost of living adjustment) perks, introducing a three-year wage progression system to maximum pay, transforming part-time workers to full-time status, and dissolving wage level disparities, among other incentives. Currently, GM has refrained from public commentary regarding the ongoing sensitive negotiations.

Prolonged discussions between GM and UAW, as compared to its competitors, were largely attributed to disagreements about pension payments and transitioning temporary workers to full-time status. However, these concerns seem to have been addressed. Amplifying its pressure, the UAW recently intensified strikes against GM, most notably at its Spring Hill manufacturing facility in Tennessee, known for producing models such as the Cadillac XT5, XT6, Lyriq EV, and the GMC Acadia. This plant also manufactures engines for an array of Chevy, GMC, and Cadillac vehicles.

Following this development with GM, the forthcoming steps entail a vote by the UAW’s GM national committee to endorse the agreement, after which it will be presented for a comprehensive member vote.

President Biden applauded the progress, sharing his optimism about the agreement, stating, “I think it’s great.”

Further insights regarding Ford’s pact with the UAW surfaced over the weekend. The UAW highlighted Ford’s commitment to invest $8.1 billion in domestic manufacturing sites. Key investments include $2.1 billion at Ohio Assembly for present commodities and a forthcoming electric van, $1.2 billion at Louisville Assembly in Kentucky for the production of a new EV, pickup, and SUV models, among other ventures.

Furthermore, Stellantis also sealed a preliminary agreement with the UAW this past weekend. Crucially, this deal involves Stellantis reinstating the previously closed Jeep facility in Belvidere, Ill., which faced prior criticism from the UAW. Stellantis plans to introduce a new midsize pickup production line there and inaugurate a fresh battery plant within the same compound.

UAW vice president Rich Boyer commented on the Stellantis development, noting, “[Stellantis] had deeply impacted that community with the Belvidere shutdown. We ensured they recognized its significance.”

In related news, the Canadian autoworkers union, Unifor, announced an early Monday morning preliminary agreement with Stellantis. This signifies that the major three automakers in the region have now established tentative agreements.

UAW president Shawn Fain expressed his sentiments on the developments, remarking, “Against all odds, we’ve realized what was deemed unattainable just a few weeks back.”