general motors co gm has reportedly raised concerns about approving the united auto workers uaw contract demands including a pay rise the auto giant said conceding to the unions demands would prevent it from making sound business decisions reuters reported united auto workers union demands at least a 40 wage increase over the tenure of the fouryear contract the union also seeks an initial 20 increase in pay upon ratification the uaw has reportedly presented its demands to gm stellantis nv and ford motor company f ahead of the september 14 2023 expiration of the present fouryear contracts the report further noted uaw stating earlier this week that the ceos of the detroit three had won 40 pay hikes on average over the last four years uaw president shawn fain had reportedly shown support for a 32hour work week instead of the usual 40 hours we think its important to protect us manufacturing and jobs in an industry that is dominated by nonunionized competition the report quoted gm also read tesla rival fisker shows off 4 upcoming evs including a mini cybertruck challenger at 1st product vision day price action gm shares are trading lower by 026 at 3682 in premarket on the last check friday