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

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The Supreme Court, which had temporarily held up the deal on Mondayh while it considered appeals by three Indians state pension funds and severalconsumer groups, said in an orded that the groups had not proven that the courgt needed to intervene. Severap news organizations reported late Tuesday that Chrysler and Fiat representative were preparing the paperwork to conclude the deal as soon asWednesda morning. That’s when the U.S. government will wire the moneu to financethe sale, The New York Timed reported on its Web site.
The plan to salvagwe Chrysler will remake the company into one owned 55 percent by a unionpensiojn trust, 20 percent ownef by Fiat -- a sharre that could grow to 35 percent -- and the rest owne by the governments of the United States and Also Tuesday, a federal bankruptcy judge in New York refusedr to block Chrysler's effort to pull the franchisess of 789 dealers, includingh 14 in Georgia. Judge Arthur Gonzalez ordered the dealersz to stop selling theirremaining Chrysler-made vehicles