GM (GM) last night agreed on a tentative new four-year labor contract with the Canadian Auto...

|By:, SA News Editor

GM (GM) last night agreed on a tentative new four-year labor contract with the Canadian Auto Workers (CAW) after the union threatened a strike earlier in the day. The deal will "create or maintain" 1,750 jobs and calls for GM to spend C$675M ($692M) on its Canadian factories. The agreement came three days Ford struck a new contract, leaving just Chrysler without a union deal.