Supreme Court gives stay on Chrysler-Fiat deal

[pope]

The court has issued a stay on the deal till it figures out what it will do with the complaint of the pension funds not getting the money first as secured creditors.

[mdrburchette]

Good move. Even though I want to see Fiat back in the US, I don't want the courts or anyone else jumping on others' rights.

[jimincalif]

Good move. Even though I want to see Fiat back in the US, I don't want the courts or anyone else jumping on others' rights.

Agreed. I want to see Fiat back too, but upholding the rule of law is more important to our economic recovery.

[manoa matt]

Let's just hope that the new judges uphold the rule of law instead of "personal preferences based on unique life experiences"

[pope]

I'll bet some creditors at GM are munching at the bit to see what happens here!

[mdrburchette]

I'm anxious to see what happens too. This is better than a soap opera.

[Kevin1]

The stay was lifted this morning and a deal is expected to be signed today. Good for Fiat-Chrysler, but bad news for secured creditors everywhere!

[mdrburchette]

It's a done deal! http://news.yahoo.com/s/ap/20090610/ap_ ... bankruptcy

I'll have my Abarth SS in white with green and red stripes please.

[sptcoupe]

Denise - we'll have to arm wrestle to see who is first in line for that Abarth SS! How about you let me be first in line, and will tune your IDFs forever?

[mdrburchette]

Are you forgetting you taught me how to tune my own IDFs Jeff? Looks like I'll be training for an arm wrestling competition.

[sptcoupe]

I was afraid you'd say that! Guess I"ll have to start hoisting more pints to get ready. Seriously - I am going to my local Chrysler dealership (which I already visited with my spider), and insist they start a list! Anybody heard anything more about FIAT homolgating the 500 and bringing it in directly from Italy much sooner that the 18 months we keep hearing about?