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Fiat closes deal to take Chryslers good assets

Published on June 10, 2009; Published on July 10, 2009
The Associated Press ~ staff The News

Topics :: U.S. Supreme Court , DETROIT

DETROIT -

Italian automaker Fiat says it has closed a deal to take over Chrysler's good assets, forming a new company and clearing the way for the struggling Chrysler to emerge from bankruptcy protection.
Fiat signed on to the deal early Wednesday after the U.S. Supreme Court late Tuesday refused to hear an appeal of lower court rulings that approved the asset sale.

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