Chrysler should be in new hands by about 2pm BST today (10 June) after the US Supreme Court last night declined to hear a challenge by three Indiana state funds and several consumer groups to the sale of most of its assets to Fiat.
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Chrysler Group LLC and Fiat Group announced today that they have finalized their previously announced global strategic alliance, forming a "new" Chrysler that has the resources, technology and worldwide distribution network required to compete effectively on a global scale. The new Chrysler will begin operations immediately.
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As Chrysler Group LLC prepares to begin operations, the new company formed in alliance with Fiat announced an organizational restructuring to focus on the Chrysler, Jeep(R), Dodge and Mopar(R) brands. The new leaner, flatter structure is intended to restore brand promise and dealer confidence. All appointments are effective immediately.
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The Supreme Court cleared the way for the government-backed sale of Chrysler LLC to a group led by Italy's Fiat S.p.A., a victory for the bankrupt U.S. automaker and the Obama administration.
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The Supreme Court cleared the way for a government-backed sale of Chrysler LLC to a group led by Italy's Fiat S.p.A., a victory for the bankrupt U.S. automaker and the Obama administration.
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The Supreme Court today cleared the way for a government-backed sale of Chrysler LLC to a group led by Italy's Fiat S.p.A., a victory for the bankrupt U.S. automaker and the Obama administration.
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Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.
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Fiat S.p.A. had no chance of winning the bidding race for Opel, a German state premier said on Tuesday. "Fiat's entry would have raised more questions than it answered.
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Fiat chief Sergio Marchionne has said the Italian company "will never" walk away from its deal with Chrysler despite yesterday's US Supreme Court decision to temporarily block the sale of the American carmaker's assets.
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Bankruptcy experts have said the surprise order last night by Supreme Court justice Ruth Bader Ginsburg putting a temporary hold on Chrysler's sale to Fiat might simply be the judge taking time to ensure the right ruling is made.
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Fiat CEO Sergio Marchionne's comments that he wouldn't abandon an alliance with Chrysler undermine arguments that postponing the bankruptcy sale could lead to Chrysler's liquidation, three Indiana pension funds told the Supreme Court.
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Fiat S.p.A. will not walk away from its plan to buy bankrupt Chrysler LLC, CEO Sergio Marchionne told Bloomberg after a U.S. court delay threw the deal into doubt.
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Reactions to the decision by Supreme Court Justice Ruth Bader Ginsburg to grant a request to delay the sale of bankrupt Chrysler LLC to a group led by Fiat's S.p.A.:
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The sale of bankrupt Chrysler LLC to a group led by Italy's Fiat S.p.A. was temporarily blocked by a U.S. Supreme Court justice on Monday, with no indication how long the delay would last.
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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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Fiat announced Monday that the 500 C -- the convertible version of its popular 500 minicar -- will start at 16,600 euros in Italy. That is 2,800 euros more than the hardtop 500 with the same 1.2-liter gasoline engine and comparable equipment.
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Fiat announced Monday that the 500 C -- the convertible version of its popular 500 minicar -- will start at 16,600 euros in Italy. That is 2,800 euros more than the hardtop 500 with the same 1.2-liter gasoline engine and comparable equipment.
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Fiat has produced its 10 millionth car in Brazil where the Italian carmaker has been building cars and light commercial vehicles since 1976.
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