Chrysler Emblem

The Detroit News reports that the United Auto Workers is close to ratifying a new four-year labor contract with Chrysler. The company's Warren Truck Plant voted in favor of the new deal on Tuesday, with 70 percent of union workers there casting ballots for the measure. That vote followed the Toledo North Assembly Plant's 'yes' vote on Monday, which helped to stave off fears of a veto.

Early in the voting process, five Chrysler plants voted against the new labor contract, including locations in Michigan and Ohio, but The Detroit News reports that nine smaller UAW local chapters have since voted for the contract. With the addition of positive votes from the Warren Truck Plant and the Toledo North Assembly Plant, the deal is almost certain to pass.