Done Deal: Fiat Buys Chrysler Assets
Administration triumphs as bankruptcy effectively ends
By Matt Cantor,  Newser User
Posted Jun 10, 2009 10:31 AM CDT
An empty showroom is seen at a Chrysler dealership in Colma, Calif., that closed yesterday.   (AP Photo)
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(Newser) – Chrysler finalized its sale of assets to Fiat with a government wire transfer this morning that gave Chrysler $6.6 billion in funds to exit bankruptcy, the New York Times reports. The sale is good news for the Obama administration, which sought an “efficient” restructuring for Chrysler. It may also provide a glimpse into the future of General Motors, also navigating bankruptcy.