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Tuesday, June 9, 2009

BREAKING NEWS: Supreme Court clears the way for Chrysler-Fiat deal

With the temporary stay issued yesterday lifted, the Supreme Court will allow the government-backed sale of Chrysler to Fiat. The high court rejected the request from Indiana pension funds and consumer advocates to delay the deal, clearing the way for the sale and setting a precedent for General Motors in its own bankruptcy proceedings.

Read on here ---> Bloomberg

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