According to the union, the new contract between ZF and the UAW will end a tiered wage system at the factory by the contract's end on Oct. 17, 2027, fulfilling a key objective for the union. Like in the union's larger strike against the Detroit 3, the UAW had sought to eliminate tiered wages, which put a lower cap on wages new hires can earn compared with higher-tier workers.
German parts supplier ZF Group signed a multiyear contract with a major producer of semiconductors to secure millions of silicon carbide chips that will be integrated into its upcoming inverter platform for electric vehicles.
ZF will have Swiss chipmaker STMicroelectronics supply "double-digit millions" of the chips starting in 2025, according to a news release. ZF described the contract as "multi-year" but did not disclose further details.
