Car Troubles: Court Blocks Chrysler Sale To Fiat

What's next for the struggling automaker?

Tuesday, June 09, 2009

Thanks to the protest of a group of Indiana-based debt holders, the U.S. Supreme Court issued a stay on the deal to sell Chrysler to Italian carmaker Fiat. The stay of proceedings allows the Court to consider whether to hear the objections of three Indiana state funds and consumer groups. Many industry watchers saw this deal as Chrysler's best chance to avoid liquidation. Joining us to look at how the Court will proceed — and if this will force Chrysler to fold— is Michael de la Merced, business reporter with our partner, The New York Times.

For more, read Michael de la Merced's article, Supreme Court Delays Sale of Chrysler to Fiat, in the New York Times.


Michael De La Merced

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