Ford, UAW reach tentative deal

October 4, 2011 - 7:15 AM

DETROIT (AP) — Ford Motor Co. and the United Auto Workers have reached a tentative agreement on a new four-year contract.

Details of the agreement were not released. The union says it will hold a press conference about the deal on Tuesday morning.

The deal is expected to swap annual pay raises for profit sharing checks and will include commitments from Ford for thousands of new union jobs.

Local union leaders from around the nation will meet Tuesday morning in Detroit to vote on whether they'll recommend the deal to Ford's 41,000 union members.