Fiat Chrysler reaches tentative U.S. labor agreement

Fiat Chrysler Automobiles and the United Auto Workers union ( UAW) reached a tentative agreement on a four-year labor contract covering wages, benefits and job security for 47,200 workers, in addition to $4.5 billion in new factory and product investments.

The UAW said Saturday the contract included a commitment from FCA to invest $9 billion, creating 7,900 new jobs over the course of the four-year contract.