GM-UAW Could Be Close to a Deal as CEO Mary Barra Joins Negotiations: Report - TheStreet

General Motors (GM) - Get Report shares were up 2% Tuesday following a report that said CEO Mary Barra was meeting with United Auto Workers leaders at the main bargaining table, suggesting the two sides may be close to a deal.

Citing people familiar with the matter, Bloomberg said Barra and GM President Mark Reuss joined the talks a day after the union sent out a letter to its local leaders telling them to travel to Detroit for a meeting on Thursday.

Bloomberg said the union typically calls in its local leaders to vote on whether to take a tentative agreement to the general membership for a ratification vote.

GM shares have fallen about 7% since the strike began a month ago.