U. S. District Court of Appeals delays Chrysler sale to Fiat?

Discussion in 'Economics' started by bond_trad3r, Jun 3, 2009.

  1. The deal was orignally scheduled to close June 5. The appeals court will instead hear oral arguments, mostly from the State of Indiana to do significant pension fund losses.

    This could get interesting. The deal must close by June 15 or Fiat will walk away. In addition Chrsler is burning a reported $100 million a day due town agreement with Fiat.
  2. pspr


    Good! The court shouldn't let Outlaw Obama ram this illegal travesty through the court.