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

Economic IndicatorsAssociated 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.

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.

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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.