
Shortly before the deadline established by the federal government passed, Chrysler and union leaders said they had reached an agreement. It once again proves that pressure can accomplish a lot.
The deal includes Fiat, the Italian automaker with which Chrysler was ordered by the government to form an alliance before Thursday.
Neither the United Automobile Workers union nor the company released details of the tentative agreement, which would modify the union’s 2007 contract and reduce the amount of money Chrysler must pay into a new health fund for retirees.
The union plans to have its 26,000 Chrysler workers vote on the deal by Wednesday.
Chrysler said the agreement, reached during marathon negotiations over the weekend, satisfied the requirements laid out by the Obama administration for a deal by an April 30 deadline.



/