IT’S DONE. Chrysler has announced that it has finalised its alliance with a consortium led by Fiat, and that the new alliance between the two companies will finally allow it to get back on its feet and repay its considerable debts.

In a statement released late yesterday, Chrysler said that Fiat will supply it with small [...]

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YESTERDAY IT SEEMED that Chrysler’s bid to shack up with a Fiat-led consortium and to commence its Government-ordered reorganisation was in jeopardy, with three Indiana-based pension funds lodging an appeal with the US Supreme Court alleging the Chrysler-Fiat deal was illegal.

As a result the US Supreme Court put a hold on Chrysler’s sale while it [...]

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A US SUPREME COURT Justice has temporarily blocked the sale of Chrysler LLC to a consortium led by Fiat SpA,  a move made at the behest of three Indiana pension funds who say the deal is illegal.

Justice Ruth Bader Ginsberg ordered a stay of the sale on Monday, giving the Supreme Court time to consider [...]

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THE PATH HAS BEEN cleared for Fiat SpA to take the reins at Chrysler after US Bankruptcy Judge Arthur Gonzalez today announced his ruling approving the sale.
“The sale motion is granted in its entirety and entry into and performance under and in respect of the purchase agreement and the sale transaction is approved,” Judge Gonzalez [...]

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While Chrysler and Fiat nut out an alliance deal that will meet the needs of both manufacturers, the US Treasury is, according to The New York Times, already preparing the paperwork for the embattled American carmaker’s bankruptcy.

The NYT report says that the Chapter 11 documents being prepared will allow for a Fiat and Chrysler alliance [...]

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