Car Troubles: Court Blocks Chrysler Sale To Fiat
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.
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