GM, Chrysler reach tentative agreement with UAW
GM and Chrysler have reached a tentative agreement with the UAW on some key modifications to the 2007 contract, but talks continue over the issue of allowing the automakers to use stock rather than cash to pay half their obligations to the Voluntary Employees' Beneficiary Associations set up in the contract to oversee autoworker health care.
Michigan-based Chrysler LLC says it has reached a tentative agreement with the United Auto Workers that, if ratified, will allow the company to meet guidelines set forth by the US Treasury Department for additional federal assistance.