DETROIT -(Dow Jones)- American Axle & Manufacturing Holdings Inc. (AXL) and the United Auto Workers reached a tentative agreement late Friday, a move that could end a nearly three-month strike that has strained labor-management relations at the auto supplier and crimped production at General Motors Corp. ( GM).
Both the company and UAW confirmed the tentative deal, but neither side gave details.
About 3,650 employees represented by the UAW at five American Axle plants in Michigan and New York have been on strike since Feb. 26.
The deal must still be ratified by American Axle workers before the strike ends. The UAW said it will present details of the agreement to workers in Detroit at 10 a.m. local time Sunday.
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