Monday, June 8, 2009

Supreme Court puts Chrysler/Fiat deal on hold


No clue if it's good or bad, but it's happened.

The U.S. Supreme Court has at least temporarily blocked the sale of Chrysler LLC's assets to a new Chrysler-Fiat partnership, according to an order released this afternoon.
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The court ordered a halt to the sale pending further directions, without elaboration. Chrysler, Fiat and the U.S. government had been prepared to close the sale as soon as today if an appeal from the Indiana state pension fund had been rejected.

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