AP Source: UAW-Fiat Chrysler pact raises pay, profit-sharing; car production moves to Mexico

Economic Indicators Associated Press

Hourly pay, profit sharing and performance bonuses will rise, but car production will move to lower-cost Mexico and be replaced by trucks and SUVs under a new contract between Fiat Chrysler and the United Auto Workers, a person briefed on the deal said.

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Union leaders will explain details of the four-year pact to factory-level leaders at a meeting Friday afternoon in Detroit. Then the deal will go to FCA's 39,000 union workers for another ratification vote. That's likely to be finished next week.

Parts of the deal will serve as a template for contracts to be negotiated with Ford and General Motors.

The person says longtime workers will see pay rise from $28.50 to $30 per hour. Top entry-level worker pay would rise from $19 to $25 per hour.