Chrysler and Fiat Finalize Deal: Chrysler and Fiat Alliance Cleared by U.S. Supreme Court

Today the Supreme Court cleared the sale of Chrysler LLC to the Italian Fiat S.p.A led group. The sale was closed this morning, as the New York Times reported, confirming a wire transfer from the federal government providing Chrysler with $6.6 in bankruptcy exiting financing.

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Chrysler Will Shut-Down 789 Dealerships by June 9th

It is a gloomy day for many Chrysler Dodge Jeep dealerships around the U.S. today!

DETROIT — Chrysler LLC notified its U.S. retailers today about its plans to shut down 789 dealerships, or 25 percent of its total, by June 9th.

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