Supreme Court Clears Chrysler Deal to Fiat
POSTED: Wednesday, June 10, 2009 - 8:12am
UPDATED: Thursday, February 25, 2010 - 11:33am
The Supreme Court cleared the way for Chrysler's sale to Fiat, turning down a last ditch bid by opponents of the deal.
Late Tuesday, the court rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. A federal appeals court in New York approved the sale earlier, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene. The move frees the automakers to complete their deal.