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Fiat Chrysler (FCAU) Stock Rises After Tentative Agreement with UAW

NEW YORK (TheStreet) -- Fiat Chrysler Automobiles (FCAU) stock is up by 1.48% to $15.04 in pre-market trading on Thursday, after the carmaker reached a tentative contract agreement with the United Auto Workers union.

The union had stopped negotiations on Tuesday and had notified Fiat Chrysler of a strike.

The proposed four-year contract will be voted on Friday and the terms will be released after the vote.

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"We heard from our members, and went back to FCA to strengthen their contract," UAW President Dennis Williams said in a statement. "We've reached a proposed tentative agreement that I believe addresses our members' principal concerns about their jobs and their futures."

The previous agreement was rejected last month because workers were against the two-tier wage and benefit system, Reuters reports.

Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings...