DETROIT, June 1 (Reuters) - A U.S. Bankruptcy Court judge approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp . Judge Arthur Gonzalez approved the $2 billion sale of the assets to a new company that will be 68 percent controlled by a heathcare trust aligned with the United Auto Workers union. Fiat will control 20 percent, the U.S. and Canadian governments will ...
Premium Content (PAID Subscription Required)
"Bankruptcy judge clears Chrysler asset sale" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.