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United Auto Workers approve new 4-year contract with Ford

The agreement, reached Oct. 31, gives workers a mix of pay raises and lump-sum payments as well as a $9,000 ratification bonus.

United Auto Workers have approved a 4-year contract with Ford Motor Co.
United Auto Workers have approved a 4-year contract with Ford Motor Co.Read moreDetroit Free Press / MCT

DETROIT — Members of the United Auto Workers union at Ford Motor Co. have voted to approve a new contract with the company.

The union says in a statement Friday night that 56.3% of workers who voted were in favor of the deal.

The four-year agreement reached Oct. 31 gives workers a mix of pay raises and lump-sum payments as well as a $9,000 ratification bonus. The company also promises $6 billion in U.S. factory investments. Ford gets to close an engine factory near Detroit but its 600 workers there will get jobs at a nearby plant.

The deal is similar to one ratified by General Motors workers after a bitter 40-day strike.

On Monday, the union will focus bargaining on Fiat Chrysler, the last of the Detroit Three automakers to settle.