The Supreme Court on Monday granted an emergency appeal asking it to halt the impending government-backed sale of Chrysler to Italian automaker Fiat.The order stops for now Chrysler's sale, which the company claims could scuttle the deal. [SNIP]
"The ... thing I hear is, 'Oh, if this doesn't happen, the sale won't take place.' Let's not forget Fiat is not paying one penny for 20 percent of this deal. If I am going to receive $400 million worth of assets on day one and I don't have to make an investment, I don't care so much if it happen Monday, Tuesday or next week, I am going to be there in the end
Monday, June 8, 2009
Supreme Court intervenes in Chrysler deal!
Huge news! We can only hope that when the justices rule, they will rule in favor of the Constitution (remember: Supreme Court ruling on taking of private land...)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment