United Auto Workers President Shawn Fain said on Friday the three Detroit automakers had converged on a 23% wage hike after fresh contract offers from General Motors and Stellantis NV but "there is more to be won" .

Ford made its offer over two weeks ago.

Here is a look at the top talking points, and how negotiations have progressed more than a month after the strike began, according to UAW President Shawn Fain and the companies:

Ford General Motors Stellantis

Wages Top offer of Offered about Offered about

23% hike 23% increase. 23% increase.

Wage Cut timeline Within the Cut timeline

progression to get to top life of the to get to top

wage rate to contract, all wage rate to

three years senior four years.

from eight. employees

reach max wage

rate.

Temporary Wages raised Wages Wages raised

workers' wages to $21/hour. increased to to $20/hour.

$21/hour.

Cost-of-living- Agreed to Reinstatement Agreed to

adjustments reinstate of COLA for reinstate

(COLA) cost-of-living senior team cost-of-living

allowance. members allowance.

starting Year

1

Plant closures The UAW can No agreement The UAW can

strike over regarding the strike over

plant issue. plant

shutdowns. shutdowns.

Workers get

income

protection.

Retirement No agreement Company No agreement

benefits to restore contributions to restore

pre-2007 increased by pre-2007

defined 25% (from 6.4% defined

benefit to 8.0% of benefit

pension plans. wages) for pension plans.

active

in-progression

team members,

regardless of

employee

contribution.

Battery Plants No agreement. Agreed to No agreement.

allow workers

at

joint-venture

battery plants

to be covered

by union

contracts.

Source: Fain's statement, company statements

(Reporting by Niket Nishant, Abhinav Parmar and Pratyush Thakur in Bengaluru; Editing by Shinjini Ganguli and Sriraj Kalluvila)