On Wednesday, Chrysler and the United Auto Workers (UAW) union reached a tentative agreement regarding a new collective bargaining agreement.  The new agreement, which will cover approximately 26,000 Chrysler employees, is said to include the creation of 2,100 new jobs by the end of 2015 and also said to include 4.5 billion of investment to produce Chrysler models and upgrade existing models.

This agreement models agreements previously struck between the UAW and General Motors and Ford.  Those deals included pay increases for new workers and bonuses for long standing employees to make up for cost-of living increases and automatic pay increases, both of which were eliminated.

The tentative contract will now we submitted to UAW members for a vote.