Ford, UAW reach tentative contract agreement

Ford Motor Co. and the United Auto Workers union have reached a tentative agreement on a new four-year contract.

The UAW said the agreement was reached Friday morning. The contract covers 53,000 workers at 22 U.S. plants.

No details were released, but the contract is expected to mirror deals reached with General Motors and Fiat Chrysler. Those contracts eliminate a two-tiered wage system at U.S. plants over eight years. They also give pay increases to longtime workers for the first time in a decade.

Fiat Chrysler workers approved their contract last month. GM workers are still voting but are expected to pass their agreement this weekend.

UAW leaders from Ford's plants will meet Monday in Detroit. If they vote to approve the agreement, the union will release details.