Chrysler LLC's bankruptcy exit was put on hold again as a U.S. Supreme Court justice delayed the automaker's sale to a company run by Italy's Fiat S.p.A.
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Indiana pension funds at the weekend asked the US Supreme Court to immediately delay the sale of bankrupt Chrysler to a group led by Fiat while they challenge the deal.
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The Obama administration urged the U.S. Supreme Court today to reject a request to delay the sale of Chrysler LLC to a group led by Italian carmaker Fiat S.p.A., saying that blocking the deal would have "grave consequences."
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Chrysler isn't planning to participate in upcoming television ad buying process -- and it may continue life without the brand that carries its name.
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Indiana pension funds asked the U.S. Supreme Court today to immediately delay the sale of bankrupt Chrysler LLC to a group led by Italy's Fiat S.p.A. while they challenge the deal.
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Chrysler LLC will tell its dealers today that it will guarantee to redistribute all new vehicles in its rejected dealers' inventory, said Steven Landry, executive vice president of North American sales and service.
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In today's News Brake: Saturn is sold to Roger Penske; Chrysler is poised to leave bankruptcy; and pricing details on the Infiniti G37 convertible...But Wait, There's More!
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In today's News Brake: Saturn is sold to Roger Penske; Chrysler is poised to leave bankruptcy; and pricing details on the Infiniti G37 convertible...But Wait, There's More!
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The sale of bankrupt Chrysler LLC to a group led by Italy's Fiat S.p.A.. was upheld by a U.S. appeals court Friday, but the deal is expected to be appealed to the Supreme Court by a group of investors.
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A U.S. federal appeals court today will hear arguments that Chrysler LLC's sale to a group including Italy's Fiat S.p.A. and the U.S. government violates long-standing bankruptcy law and should not be allowed to go forward.
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All U.S. customers of the new Chrysler to emerge from bankruptcy will be covered by "lemon law" rights under an agreement reached by the company and Fiat S.p.A. with states led by Iowa.
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Turin, Italy - Movie lovers will remember Divorce, Italian Style, the hilarious comedy starring the one-and-only Marcello Mastroianni. Rest assured, we do not intend to talk about divorce or even comedy but rather of a suspense thriller whose happy ending will mean the survival of major local employer and the arrival of a "new" car manufacturer on the North American scene.
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All U.S. customers of the new Chrysler to emerge from bankruptcy will be covered by "lemon law" rights under an agreement reached by the company and Fiat S.p.A. with states led by Iowa.
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A growing team of Fiat S.p.A. executives and engineers has been working at Chrysler's headquarters this week, finalizing plans to cut costs and ready the Fiat 500 small car for the U.S. market, people with knowledge of the work said.
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American Axle and Manufacturing Holdings Inc. expects sales for the second and third quarters to be reduced by about $300 million due to extended production shutdowns by bankrupt automakers General Motors and Chrysler LLC, the company said today.
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American Axle & Manufacturing (AAM) has been told by the New York Stock Exchange that it has regained compliance with NYSE's continued listing standards. The company also said that the recent production shutdowns by GM and Chrysler could hit sales by hundreds of millions of dollars.
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Chrysler will have little need for the hundreds of dealers it wants to close if it completes its sale to Fiat as expected, the judge overseeing the automaker's bankruptcy said today.
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Some of the 789 dealerships that Chrysler plans to close will begin presenting their case to bankruptcy court today, arguing that the automaker was undermining its turnaround by terminating the franchises.
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Chrysler's sale of most of its assets to a group led by Fiat will move to the US Court of Appeals for the Second Circuit, bypassing the lower District Court, a bankruptcy court judge has ordered.
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As Chrysler and General Motors sort through messy restructuring processes in bankruptcy court, its worth noting that there is a bright light at the end of the tunnel for both companies, if everything goes well.
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