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Ford, UAW Reach Tentative Contract Deal

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The United Auto Workers union said early Saturday it reached a tentative four-year contract agreement with Ford Motor Co., avoiding even the threat of a strike against the struggling automaker.

The deal, reached around 3:20 a.m., must be ratified by the UAW's approximately 54,000 members covered by the contract at Ford. If approved, it would bring a close to historic negotiations that have yielded agreements designed to return U.S.-based automakers to profitability.

Details of the Ford agreement were not immediately released, but the deal likely will be close to what was negotiated with General Motors Corp. and Chrysler LLC.

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