Bankruptcy judge clears Chrysler asset sale

Newswire

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 ...

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