Chrysler, United Auto Workers agree on new four-year contract

DETROIT — 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.

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Joby Warrick 12 Oct, 2011

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