For Release: Thursday, May 21, 2009

UAW reaches tentative understanding with U.S. Treasury and General Motors

DETROIT -- The UAW has reached a tentative understanding with the U.S. Treasury and General Motors on an addendum to the 2007 UAW GM collective bargaining agreement. The tentative understanding contains modifications to the labor agreement and to the independent Voluntary Employee Beneficiary Association (VEBA) trust.

Details are being withheld pending explanation and ratification meetings for UAW GM members, which are in the process of being scheduled.