The United Auto Workers has reached agreement with Chrysler, Fiat and the US government on concessions to its 2007 contract and healthcare trust, the union said last night.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The union said in a statement that the agreement, which Fiat CEO Sergio Marchionne had said was essential if his company was to reach an alliance with Chrysler, was subject to UAW member ratification, that must be completed on Wednesday, and meets the US treasury conditions for emergency loans to Chrysler.


Canadian Auto Workers ratified a concessionary deal with Chrysler over the weekend.


Now union agreements have been reached, Chrysler must renegotiate debt with bondholders to meet the US government’s 30 April deadline.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now