Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

International Francophone Games kick off in Abidjan

Read more

THE INTERVIEW

Iran open to dialogue with Saudis, says top diplomat

Read more

MEDIAWATCH

Spicer bows out of White House

Read more

FOCUS

Iraq's Mosul: Rebuilding a city fractured by sectarian mistrust

Read more

FRANCE IN FOCUS

Bistrot or bust? Why France's famed cafés are disappearing

Read more

REPORTERS

Video: Afghans live in fear as kidnappings soar

Read more

EYE ON AFRICA

Kenya court rules Dubai firm can print presidential ballots

Read more

ENCORE!

Omar El Akkad's 'American War': A tale of US dystopia

Read more

BUSINESS DAILY

Exxon sues US over $2m fine for violating Russia sanctions

Read more

Business

US court clears way for Chrysler-Fiat deal

Latest update : 2009-05-06

A US court approved Tuesday a fast-track sale plan proposed by the White House to shore up bankrupt carmaker Chrysler. This decision clears the way for a possible partnership with Italian manufacturer Fiat.

AFP - A US bankruptcy judge approved Tuesday a fast-track sale plan proposed by the Obama administration to shore up ailing automaker Chrysler, clearing the way for a possible partnership with Fiat.
   
At the end of a hearing that lasted nearly eight hours, federal bankruptcy judge Arthur Gonzales rejected the arguments from a group of Chrysler lenders who called "illegal" the restructuring plan unveiled last Thursday by the iconic US automaker and the government.

Date created : 2009-05-06

COMMENT(S)