Supreme Court Fiat Blocks Chrysler Sale to Fiat

MarketWatch reports that the Supreme Court has blocked, at least temporarily, the sale of Chrysler’s assets after several Indiana pension funds appealed the sale of the troubled automaker:

The funds argued that the sale of Chrysler to Italian automaker Fiat is unconstitutional. A court spokesman said that the sale is stayed ‘pending further order of the court.’

We’ll keep an eye on this.

Update 9:27 p.m.: After I posted this blog post with the title, “Supreme Court Blocks Chrysler Asset Sale,” I decided the new title above was so much better.

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
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