DETROIT — The bitter labor stalemate between American Axle and Manufacturing Holdings Inc. and the UAW appears to be over, with significant progress taking place at the bargaining table.

A tentative contract agreement could be reached by this weekend, a source familiar with the discussions told Automotive News late Wednesday.

” They are very close,” the source said. ” They could reach an agreement by this weekend. Both sides have finally come to their senses.”

As with any protracted labor negotiation, there is no guarantee a deal can be reached, but this is the first sign of real progress in the dispute that has all but halted General Motors’ SUV production in the U.S.

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This entry was posted on Thursday, April 17th, 2008 at 4:09 pm and is filed under Carhaul News, General Motors, UAW. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.