Some of the most anticipated parts of the deal include a new shortened path to permanent status for temporary workers and guaranted wage increases and lump sums for permanent manufacturing employees.
The tentative agreement is expected to appease autoworkers who were concerned by GM's plan to idle the Detroit-Hamtramck Assembly Plant in Michigan by placing production of an electric truck there.
Fears of a manufacturing recession have been on the rise.
Navarro can add GM-UAW negotiations to his resume.
A look at GM's best sellers.
"I'm sure the team members at General Motors are anxious to get back to work and earn a paycheck," Jim Lentz, Toyota Motor North America CEO, said.
The strike is not technically over, but this is a positive sign.
If the UAW cannot make progress on Thursday, there is one action it could take that would further leverage GM.
The union's strike against the company is just shy of the one-month mark.
If a deal were reached, union leaders would gather to vote on it before other members of the union do.
How long can the strike fund hold out? It will cover weekly strike pay of $275 (recently bumped up from $250) for roughly 46,000 striking GM workers.
The striking workers plan to distribute leaflets at the dealerships, as well.
The decision comes as the UAW's nationwide strike against General Motors is a few days away from its one-month mark.
The United Auto Workers' strike has stretched into a 26th day.
General Motors CEO Mary Barra reportedly held talks with UAW top brass in an effort to end the strike.
The labor action is hurting workers outside the auto industry, and they don't have union assistance.
A slowing Chinese economy, the trade war with the U.S. and competition are seen as reasons for the decline.
Dealers still have enough inventory to get by for several more weeks.
The strike is now in its fourth week.
The UAW is engaged in hardball negotiations with GM after roughly 49,000 of its members went on strike in mid-September.