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Court Rulings Advance Pending Chrysler Sale

HeadlineJun 10, 2009

The Supreme Court has cleared the way for sale of the auto giant Chrysler to Italian automaker Fiat. On Thursday, the Supreme Court declined to hear an appeal from state pension funds and consumer groups opposed to the sale. Analysts had warned Chrysler faced closure had the court taken up the appeal. The pending sale received another boost Tuesday when a federal bankruptcy judged approved Chrysler’s request to cut ties with nearly 800 dealerships across the United States.

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