Biden said these agreements "reward the auto industry workers who made so many sacrifices to keep the industry running" during the 2009 Great Economic Crisis.

The union began the strike on September 15, the first simultaneous shutdown of employees of the three companies.

Workers were demanding higher wages and other improvements, especially in the transition to electric vehicles.

"Similar to the agreements with Ford and Stelantis, GM's agreement turned record profits into a record deal," the union said in a statement Monday.

The union said the agreement "provides a larger increase in basic wages than those received by GM workers in the past 22 years."

The agreement is similar to a solution reached with Stellantis that provides for a 25 percent increase in the salary base by 2028. Adjustments to the cost of living would also raise the higher wage cumulatively by 33 percent to more than $42 an hour, according to the union.

The union said the agreement "reinstates major subsidies that were interrupted during the Great Depression" between 2008 and 2009.

In a separate statement, General Motors CEO Mary Barra said her company was pleased "to reach a preliminary agreement with the Auto Workers' Union that reflects the team's contributions while enabling us to continue to invest in our future and create quality jobs."

She noted that GM "looks forward to everyone getting back to work."

Back to work

"GM workers will return to work as the ratification process begins," the union said.

At its peak, more than 45,146 of the union's <>,<> members working at the three companies took part in the strike.

Union chairman Sean Fine said in an earlier statement after reaching a preliminary agreement with Ford: "We have been saying for months that record profits mean record contracts."

"Our strike succeeded in achieving that."

For Stellantis, approximately five thousand jobs will be added under the agreement, Fine announced earlier.

The move marks a shift from the company's last decision, which would have cut jobs before the negotiations.

While the wage increases stipulated in the initial agreements are less than the 40 percent Fine sought when the strike began, they are well above the 9 percent Ford initially proposed in August.

Ford estimated this month that the strike cost it about $1.3 billion.

The deal still needs to be ratified by workers in a vote in the coming weeks. The labor union announced the resumption of work at Ford and Stellantis, without waiting for the results of the vote.