Biden hails 11% pay raise for Honda’s U.S. workers

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WASHINGTON (Reuters) – President Joe Biden welcomed Honda (NYSE:HMC) Motor 11% pay hike for its U.S. facility workers on Friday, a day after celebrating the United Auto Workers’ agreements with the Detroit Big Three automakers and backing efforts to organize Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM).

“Union auto workers own this victory,” Biden said in a post on X.