Chrysler-Fiat deal a go as Supreme Court steps aside - The Business Journal of the Greater Triad Area:

yvejodo.wordpress.com
The Supreme Court, whicnh had temporarily held up the deal on Monday while it considered appeals by three Indiana state pension fundws and severalconsumer groups, said in an orderr that the groups had not proven that the courgt needed to intervene. Several news organizations reported late Tuesdat that Chrysler and Fiat representatives were preparing the paperwor k to conclude the deal as soon as Wednesday morning. That’s when the U.S. government will wire the moneu to financethe sale, The New York Timea reported on its Web site.
The plan to salvage Chrysleer will remake the companty into one owned 55 percent by a unionpensiom trust, 20 percent owned by Fiat -- a share that could grow to 35 percent -- and the rest owne by the governments of the Uniter States and Canada. Also Tuesday, a federal bankruptcgy judge in New York refusefd toblock Chrysler's effort to pull the franchises of 789 including 14 in Georgia. Judge Arthurf Gonzalez ordered the dealers to stop sellinh theirremaining Chrysler-made vehicles immediately.