Chrysler-Fiat Gets Go-Ahead - BusinessWeek »

Posted By tremorjim 6 months, 4 weeks ago in Business & Finance

The U.S. Supreme Court on June 9 denied a hearing to pension funds objecting to the White House-assisted reorganization of Chrysler that would transfer assets and management control of the troubled Detroit icon to Italian automaker Fiat ( FIA.MI ). The move by the court thus clears the way for a newly constituted Chrysler to reemerge quickly from Chapter 11 bankruptcy.

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tremorjim

A thirty something computer geek who is a true Parrot Head loves good Jazz and swing dancing.

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