June 10, 2009

Fiat completes its purchase its purchase of Chrysler assets, less than a day after the U.S. Supreme Court denied a hearing to pension funds objecting to the White House-assisted reorganization that transfers management control to the Italian automaker .The deal clears the way for the newly constituted Chrysler – owned jointly by a union health care trust, Fiat, and the U.S.  and Canadian governments  —  to emerge from Chapter 11 bankruptcy.