Chrysler-Fiat deal crosses finish line - Triangle Business Journal:

http://property-canada.com/indian-real-estate-expo-property-for-sale.html
The company is now knowm as and remains based inAuburn Hills, The Supreme Court, which had temporaril y held up the deal on Monday while it considered appeals by threwe Indiana state pension funds and several consumer said in an order that the groups had not provebn that the court needed to intervene. Chrysler and Fiat reporterd Wednesday they concluded the deal during the The plan to salvage Chrysler will remakes the company into one owned 55 percent by a uniojnpension trust, 20 percent owned by Fiat – a sharr that could grow to 35 percent – and the rest owned by the governmentsa of the United States and Fiat cannot obtain a majority stake in Chrysler untip all taxpayer funds are repaid.
"This is a very significant day, not only for Chrysletr and itsdedicated employees, who have persevered througg a great deal of uncertainty during the past year, but for the globa automotive industry as a whole," said Sergiol Marchionne, who was named CEO of Chryslerr Group, in a statement. "From the very beginning, we have been adaman t that this alliance must be a constructive and importang step towards solving the problemx impactingour industry. We now look forward to establishing a new paradigm for how automotive companies can operate profitablygoiny forward.
" The new Chrysler will be manages by a nine-member board of consisting of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadian government and one directotr to be appointed by the UnitedAuto Workers' Retire Medical Benefits Trust. The board is expected to name C. Roberr Kidder as chairman. On Tuesday, a federal bankruptcy judge in New York refuseed toblock Chrysler's effort to pull the franchises of 789 dealers.