UAW, Chrysler, Fiat reach concession deal

By abc7NY
DETROIT The union says the deal is painful but takes advantage of the second chance the company was given by the Treasury Department.

The government rejected Chrysler's viability plan in February and said it could not stand on its own.

The union deal means the company has cleared another major hurdle as it races toward a Thursday deadline to restructure and sign an alliance with Italy's Fiat Group SpA.


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