Chrysler and the workers made a new deal this weekend. The workers finally agreed to cut their benifits with the base pay and pensions remaining the same. CAW didn't resisted wage cut again, and Chrysler has the new hope without bankruptcy. Chrysler now has until the end of the month to negotiate a partnership with Italian automaker Fiat in order to receive long-term bailout loans from governments in Canada . The Chrysler deal includes many of the same concessions included in the GM agreement, but also includes the elimination of semi-private hospital coverage and the elimination of the employee car purchase plan and tuition rebate programs next year, among other changes. The agreement is different from the deal of the CAW with GM two months ago, so the CAW must hammer out deals with GM and Ford. Anyway, this is a good sign for the whole Automake field.
