Chrysler sale gets the green light
China Daily | Updated: 2009-06-11 08:09
WASHINGTON/DETROIT: The US Supreme Court on Tuesday cleared the way for the sale of Chrysler LLC to Italy's Fiat.
In a victory for the Obama administration driving the restructuring of bankrupt Chrysler, the court denied a request from Indiana pension funds to delay the sale to a group led by Fiat, a union-aligned trust and the US and Canadian governments.
The White House welcomed the high court's action.
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