GM says 'progress' made in wage talks with new union in Mexico

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MEXICO CITY (Reuters) – General Motors (NYSE:GM) made “important progress” in wage negotiations with a new independent union representing several thousand workers at a GM plant in central Mexico, the auto giant told Reuters on Thursday.

The pay negotiations are part of a high-profile test case for a new trade deal that seeks to close the vast gap between U.S. and Mexican wages.