WHAT HAPPENED: After months of negotiations, General Motors Corp. has reached a tentative deal with the United Auto Workers to cut health-care spending. The deal would save it $3 billion annually on a pretax basis and another $15 billion in retiree health care costs.

WHY IT’S IMPORTANT: GM provides health care to 750,000 U.S. hourly workers, retirees and their dependents. The automaker’s health-care bill has been growing rapidly and will approach $5.6 billion this year.

WHAT’S NEXT: The UAW must take the deal to its membership, which will vote to accept or reject it. The timeline for a vote isn’t yet clear.

By The Associated Press