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Auto workers union and Fiat Chrysler reach tentative deal

United Auto Workers on week six of a national strike against General Motors on Oct. 23 in Flint, Michigan. Photo: Bill Pugliano/Getty Images

The United Auto Workers reached a tentative four-year labor agreement with Fiat Chrysler on Saturday, CNBC reports.

The big picture: UAW reached tentative deals with Ford and General Motors in October after weeks of labor strikes, reducing GM's 2019 earnings by nearly $3 billion. The auto workers' deal at Ford came quickly, without any labor disruption.

Catch up quick: Workers secured raises plus $11,000 in bonuses in its ratified deal with GM in exchange for not blocking GMs' plans to close four facilities across the U.S. UAW's strike against GM was the first U.S. auto strike in 12 years.

What's next: The tentative agreement with Fiat Chrysler awaits approval or rejection from local union leaders in the coming weeks. Fiat Chrysler's UAW employees would vote on the deal after that approval.

  • Fiat Chrysler is in talks to merge with France's PSA Group, the parent company of Peugeot. It's not known how the uncertainty of that global deal could affect U.S. labor talks, Axios' Joann Muller writes.

Go deeper: General Motors sues Fiat Chrysler alleging union bribes

Go deeper

Rebecca Falconer
25 mins ago - Politics & Policy

UN poll: Most see climate change as global emergency amid pandemic

Swedish climate activist Greta Thunberg (C) fronts a Fridays For Future protest at the Swedish Parliament in Stockholm in September. Photo: Jonathan Nacksrtrand/AFP via Getty Images

64% of people from around the world say climate change is a global emergency, a United Nations poll published Wednesday finds.

Why it matters: It's biggest global survey on climate change ever conducted, with some 1.2 million participants from 50 countries — including the U.S. where 65% of those surveyed view climate change as an emergency.

Go deeper (1 min. read)Arrow
Lachlan Markay
7 hours ago - Politics & Policy

Collins helps contractor before pro-Susan PAC gets donation

Sen. Susan Collins during her reelection campaign. Photo: Scott Eisen/Getty Images

A PAC backing Sen. Susan Collins in her high-stakes reelection campaign received $150,000 from an entity linked to the wife of a defense contractor whose firm Collins helped land a federal contract, new public records show.

Why it matters: The executive, Martin Kao of Honolulu, leaned heavily on his political connections to boost his business, federal prosecutors say in an ongoing criminal case against him. The donation linked to Kao was veiled until last week.

Go deeper (2 min. read)Arrow
Lachlan Markay
7 hours ago - Politics & Policy

How cutting GOP corporate cash could backfire

Illustration: Aïda Amer/Axios

Companies pulling back on political donations, particularly to members of Congress who voted against certifying President Biden's election win, could inadvertently push Republicans to embrace their party's rightward fringe.

Why it matters: Scores of corporate PACs have paused, scaled back or entirely abandoned their political giving programs. While designed to distance those companies from events that coincided with this month's deadly siege on the U.S. Capitol, research suggests the moves could actually empower the far-right.

Go deeper (1 min. read)Arrow