AUBURN HILLS, Mich. -

Chrysler Group and the UAW announced this morning they have reached a tentative agreement on a new national labor contract. This agreement — which is subject to UAW member ratification — covers approximately 26,000 represented employees.

Chrysler noted that at this time, the automaker cannot discuss the specifics of the agreement pending a ratification vote; this is an internal UAW process.

This news follows on the heels of General Motors striking a four-year agreement with the union late last month.

A two-to-one majority of UAW members voted to ratify a new collective bargaining agreement with GM; the vote was 65 percent in favor of the agreement among production workers and 63 percent in favor among skilled trades workers.

This marked the finalization of a tentative agreement between GM and the UAW made on Sept. 16.

The four-year contract — which is effective immediately and covers more than 48,000 active workers at GM — is expected to create 6,400 new jobs in the United States, providing jobs for UAW members who have been laid off over the last several years. On top of creating thousands of new jobs, the contract will work to bring jobs back to the U.S. and to UAW GM plants that had been moved to Mexico and other parts of the world.

To read more on the recent news from GM see the Auto Remarketing story here.