In a bid to end the prolonged strike and resolve the ongoing labor dispute, General Motors (GM) and Stellantis have reportedly made an offer to the United Auto Workers (UAW) that would match the recent wage increase proposed by Ford. According to sources familiar with the matter, the offer includes a 25 percent wage hike, which mirrors the deal made by Ford with the UAW. However, both GM and Stellantis have not confirmed any tentative agreements at this time.

This latest development comes shortly after Ford's proposed deal was announced on Wednesday. The strike, which lasted for six weeks, hit select plants from all three automakers, causing significant losses for the industry. Ford estimated that the strike had cost the company over $1 billion, while GM recently disclosed losses of more than $800 million.

The tentative agreement reached by Ford, which is still pending approval by the 57,000 union members, followed a contentious strike that began on September 15. All final agreements must go through the process of approval by union leaders and voting by members from each company, which could take weeks to complete.

As per the UAW, the previous Ford agreement included significant benefits for workers. This encompassed a 150 percent raise for current temporary workers at Ford, an immediate raise of up to 85 percent for certain workers at Sterling Axle/Rawsonville, a 68 percent increase in starting wages, and a 33 percent increase in top wages.

The offer made by GM and Stellantis, mirroring Ford's proposed wage increase, aims to bring an end to the strike and restore normal operations in the auto industry. However, until tentative agreements are confirmed and approved by the UAW, the resolution of this labor dispute remains uncertain. Further updates on this developing story will be provided by FOX 2.