SRT8 Owners Club
A club for owners and enthusiasts of SRT-8 vehicles


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What convertor stall do you have?
Stock Convertor - 68.29%
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Chrysler and Fiat make it official
Jun 10, 2009 - 9:54 AM - by RapidTransit
Automaker sells itself to new owners, including Italian automaker, the UAW and the U.S. and Canadian governments.

NEW YORK (CNNMoney.com) -- Chrysler and Italian automaker Fiat on Wednesday officially signed a strategic alliance brokered by the U.S. government, after the Supreme Court cleared the path for the deal late Tuesday. Fiat will initially take a 20% stake in the company, which can go up to 35% if it reaches certain goals. "This is a very significant day ... for the global automotive industry as a whole," said Sergio Marchionne, Fiat's chief executive who was named the CEO of Chrysler on Wednesday. "From the very beginning, we have been adamant that this alliance must be a constructive and important step towards solving the problems impacting our industry."

The deal formed a new company, called Chrysler Group LLC, after the former Chrysler LLC sold nearly all of its assets -- except for... [Read More]
0 Replies | 131 Views
Supreme Court won’t block Chrysler-Fiat deal
Jun 10, 2009 - 7:18 AM - by RapidTransit

Supreme Court won’t block Chrysler-Fiat deal




NEW YORK - The Supreme Court on Tuesday cleared the way for Chrysler LLC's sale to Fiat, turning down a last-ditch appeal by opponents that included consumer groups and three Indiana pension plans.

The court rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court's intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

Full story at MSNBC.com
0 Replies | 65 Views
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