WKYT | Lexington, Kentucky | News

Chrysler heads to court for key bankruptcy hearing

NEW YORK (AP) - Chrysler is heading to court today to ask a
bankruptcy judge for permission to sell the bulk of its assets to a
group headed by Italy's Fiat.
Attorneys for Chrysler say that the deal is the company's only
hope to avoid being sold off piece by piece.
But more than 100 objections have been filed by the automaker's
dealers, bondholders, former employees and others.
If there's no done-deal by June 15, Fiat could back out.
On Tuesday, Chrysler avoided a possible roadblock to the sale. A
federal judge ruled that a legal review of its bankruptcy
proceedings was not needed before the sale hearing could take

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 46230462 - wkyt.com/a?a=46230462
Gray Television, Inc.