High court blocks Chrysler sale to Fiat

**Jason** · 06-09-2009, 03:19 PM

NEW YORK — Chrysler's five weeks of breakneck-speed bankruptcy proceedings came to a screeching — but possibly temporary — halt Monday, when Supreme Court Justice Ruth Bader Ginsburg delayed its sale of assets to Italy's Fiat.

The move could derail the government's ambitious plan for the U.S. automaker to blaze a path to profitability without the burden of many of its debts.

Ginsburg issued a stay just a week before Chrysler says the government-backed sale must go through. After June 15, Fiat could walk away from the deal and leave the struggling U.S. automaker with little option but to liquidate.

Chrysler said it had no comment until it receives further information from the court.

http://www.tampabay.com/news/busines...cle1008318.ece

**djaburg** · 06-09-2009, 05:34 PM

Ah yes our elected officials in action once again. They can't manage themselves but now they have the insight to tell others how to run their businesses. Here we go....

**simpswr** · 06-09-2009, 07:20 PM

. . or not . .

http://news.yahoo.com/s/nm/20090610/...ysler_court_24

bry623 · 06-10-2009, 05:34 AM

Phew!! Where would I have taken my van to get fixed?

06-09-2009, 03:19 PM	#1 (permalink)
Jason Faugh a ballagh Join Date: Dec 2001 Location: Pasco, FL Posts: 8,410 OS: Windows Vista My System Blog Entries: 2	High court blocks Chrysler sale to Fiat NEW YORK — Chrysler's five weeks of breakneck-speed bankruptcy proceedings came to a screeching — but possibly temporary — halt Monday, when Supreme Court Justice Ruth Bader Ginsburg delayed its sale of assets to Italy's Fiat. The move could derail the government's ambitious plan for the U.S. automaker to blaze a path to profitability without the burden of many of its debts. Ginsburg issued a stay just a week before Chrysler says the government-backed sale must go through. After June 15, Fiat could walk away from the deal and leave the struggling U.S. automaker with little option but to liquidate. Chrysler said it had no comment until it receives further information from the court. http://www.tampabay.com/news/busines...cle1008318.ece __________________ Posting Tips \| Advice for New People \| Common Fixes \| Agus na damnaithe fágtha gan focal Glaoigh ormsa i measc na naomh

06-09-2009, 05:34 PM	#2 (permalink)
djaburg TSF Enthusiast Join Date: May 2008 Posts: 1,147 OS: XP SP3/Vista/7 Server 2K/2K3/2K8	Re: High court blocks Chrysler sale to Fiat Ah yes our elected officials in action once again. They can't manage themselves but now they have the insight to tell others how to run their businesses. Here we go.... __________________ Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done. The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery.

06-09-2009, 07:20 PM	#3 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 11,877 OS: XP, Vista, Win 7	Re: High court blocks Chrysler sale to Fiat . . or not . . http://news.yahoo.com/s/nm/20090610/...ysler_court_24 __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

06-10-2009, 05:34 AM	#4 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 11,574 OS: winxp pro sp2	Re: High court blocks Chrysler sale to Fiat Phew!! Where would I have taken my van to get fixed? __________________ I won a nobel prize too!!