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Uaw Reaches Tentative Agreement

In a press release, Fiat Chrysler said GM`s complaint was “unfounded” and saw it as an attempt to disrupt its recent merger deal with French automaker Groupe PSA, a merger that, if completed, would make the combined company the world`s fourth-largest automaker in terms of production volume. United Auto Workers announced Saturday that they have reached a new preliminary working agreement with Fiat Chrysler Automobiles NV, an important step in ending an exhausting cycle of working talks in Detroit. United Auto Workers on Wednesday struck a preliminary employment contract with General Motors Co., a crucial step in ending a month-long strike that has grounded more than 30 GM plants in the United States.

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