Minggu, 12 Juli 2009

Fiat closes deal to take bulk of Chrysler’s assets

DETROIT – Italy ‘ s Fiat is the new lessor of most of Chrysler ‘ s assets, closing a deal Wednesday that saves the troubled U. S. automaker from liquidation and places a new company in the hands of Fiat ‘ s CEO.

The deal clears the conduct for a new, leaner Chrysler Society LLC to emerge from bankruptcy protection kiss goodbye billions in debt, 789 underperforming dealerships and burdensome labor costs that nearly sank the storied automaker.

read more at:Fiat closes deal to take bulk of Chrysler’s assets

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