UAW ratifies new four-year contract with Fiat Chrysler
Unionized workers at Fiat Chrysler have voted overwhelmingly to approve a new four-year contract with the company.
The ratification means the United Auto Workers union has settled with all three Detroit automakers.
The union said Wednesday that about 71% of Fiat Chrysler workers voted in favor of the deal. The UAW has about 47,000 members at Fiat Chrysler.
The deal includes a $9,000 bonus per worker upon ratification. The company also has promised $4.5 billion worth of new investments in U.S. factories.
General Motors workers ratified an agreement in October after a 40-day strike, while Ford Workers settled in November.