Search:

DETROIT—American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday.

American Axle had been offering a pay cut from $28 to $17 per hour for production workers, with a $90,000 wage “buy down” over three years to help workers make the transition to lower pay.