DETROIT (AP) — Chrysler Group LLC and the United Auto Workers negotiators agreed on a new four-year contract early Wednesday that creates 2,100 new jobs.
Chrysler also will invest $4.5 billion in its plants under the deal, which covers 26,000 U.S. workers.
"This agreement is the latest in a remarkable turnaround for Chrysler," UAW Vice President General Holiefield said in a statement. This is the first contract agreement reached since Chrysler's government bailout and bankruptcy two years ago, and the first since Chrysler has been managed by Italian automaker Fiat SpA.
The agreement must still be ratified by Chrysler's workers.