The United Auto Workers union in the United States has agreed new contracts with General Motors and Chrysler following recent industrial action.
The union reached a four-year deal with Chrysler last night after a six-hour walkout. News of the pact came shortly after the UAW announced that General Motors workers had ratified a four-year agreement with the company.
However, Ford, which lost $12.6 billion last year, could be the toughest bargainer yet because of its weakened financial position.
Industry analysts have said it will likely seek a different deal than Chrysler and GM, perhaps with deeper concessions.
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AP