UAW, Fiat Chrysler Extend Current Contract on Hourly Basis

September 15, 2015 4:51 AM

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UAW, Fiat Chrysler Extend Current Contract on Hourly Basis

Move raises hopes both sides can reach a deal on a new agreement overnight

The United Auto Workers union said just after midnight Tuesday that it has agreed to extend its current national labor contract with Fiat Chrysler Automobiles FCAU -1.65 % NV on an hourly basis, signaling hope it can reach a deal on a new agreement overnight.

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