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Highest Court Halts Chrysler-Fiat Distribute, But Improbable to Piece Selling


Supreme Court Halts Chrysler-Fiat Deal, But Unlikely to Block Sale

In . statement issued by Justice Ruth Bader Ginsburg, the …. Supreme Count did go ahead and put the brakes on Chrysler '. sale to Fiat  on Tuesday afternoon. But as we reported earlier, most experts feel that the Court will not actually block the deal, but is instead taking additional time to consider the case brought by the Indiana pension funds.

Although concern has been raised that an indefinite delay — albeit one lasting past June 15.(the deadline set by Fiat ) – could jeopardize the sale, Bloomberg quotes the Italian automaker'. CEO, Sergio Marchionne, as saying,.”We would never walk away. Never.”

Bloomberg

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This entry was posted on Tuesday, June 9th, 2009 at 12:20 pm and is filed under Chrysler, Fiat. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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