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Fiat Chrysler, U.S. union UAW reach tentative agreement

October 7, 2015 9:48 AM EDT

By Bernie Woodall and Nick Carey

DETROIT/KOKOMO, Ind. (Reuters) - Fiat Chrysler Automobiles NV (NYSE: FCAU) and the United Auto Workers said on Thursday they had reached a new tentative four-year labor agreement that averted a threatened strike of the automakers U.S. operations.

The agreement must be ratified by a vote of Fiat Chrysler's 40,000 union workers in the United States. A previous proposed contract was rejected by rank and file UAW workers at Fiat Chrysler in voting late last month.

Carl Durham, 45, a UAW worker at Fiat... More