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UAW Sets Wednesday Deadline with Chrysler

The United Auto Workers union has set a Wednesday deadline for reaching a new labor agreement with Chrysler and has threatened to strike the automaker if a deal is not reached by that time.

The UAW, which has been in high-level talks with the No. 3 U.S. automaker since Friday, set a "strike target deadline" of 11 am New York time Wednesday, Chrysler spokeswoman Michele Tinson said Monday.