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IPFS News Link • Transportation

Judge Clears Way for Sale of Chrysler to Fiat

06-01-2009 • NY Times

A federal judge on Sunday night cleared a path for Chrysler to exit bankruptcy by approving a sale of most of the carmaker’s assets to a new entity to be run by Fiat of Italy. Judge Arthur J. Gonzalez of the United States Bankruptcy Court for the Southern District of New York approved the government-backed plan after three days of marathon hearings on the proposal.

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Reported By Powell Gammill

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