The Supreme Court ruled moments ago that Chrysler cannot yet sell most of its assets to Fiat, a move that has been opposed by three Indiana state pension and construction funds.
The ruling grants a stay in the sale as the court gathers more data and schedules a hearing on the matter. It temporarily blocks the way for Chrysler to complete its merger with the Italian automaker and begin its new, post-bankruptcy life.
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Tuesday, June 9, 2009
Supreme Court Stalls Chrysler-Fiat Deal
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