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MONDAY, NOVEMBER 23, 2009
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Court OKs Chrysler Sale to Fiat, Starting Monday

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(Newser) – A federal appeals court today approved the sale of Chrysler to Italian automaker Fiat over objections from debt holders in Indiana, the Wall Street Journal reports. The court put the sale on hold until Monday afternoon, or until the Supreme Court issues a stay—which Indiana investors say they will need to file their appeal. “We need to get the Supreme Court to give us more time,” a lawyer for the group said.

A Fiat dealership in Italy.
A Fiat dealership in Italy.   (AP Photo)
The main entrance to the Chrysler Stamping Plant in Twinsburg, Ohio.
The main entrance to the Chrysler Stamping Plant in Twinsburg, Ohio.   (AP Photo)
A Fiat logo on a keychain dangles next to the hood ornament of a Chrysler car in this photo illustration on May 4, 2009 in Berlin, Germany.
A Fiat logo on a keychain dangles next to the hood ornament of a Chrysler car in this photo illustration on May 4, 2009 in Berlin, Germany.   (Getty Images)
Indiana Pension Fund attorney Tom Lauria outside federal court in New York.
Indiana Pension Fund attorney Tom Lauria outside federal court in New York.   (AP Photo)
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