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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Fiat Buys Chrysler

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From the Associated Press via Yahoo! News: "Fiat closes deal to take bulk of Chrysler's assets," by Tom Krisher and Dan Strumpf--

Italy's Fiat is the new owner of most of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's CEO.

The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, 789 underperforming dealerships and burdensome labor costs that nearly sank the storied automaker.


Posted by the Godfrey and Alton Illinois personal injury lawyers and the Edwardsville Illinois car accident attorneys of Schaeffer & Lamere, P.C., handling lawsuits for accidents in Missouri and Illinois, personal injury Illinois and Missouri, products liability Illinois and Missouri, workers' compensation, medical malpractice Illinois and Missouri, Illinois truck accidents.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on June 10, 2009 (boomark / email).

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