Fiat closes Chrysler deal - Triangle Business Journal:

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The Supreme Court, which had temporarily held up the deal on Mondayh while it considered appealw by three Indiana state pensionj funds and severalconsumer groups, said in an orderd that the groups had not proven that the cour needed to intervene. The plan to salvage Chrysler will remake the compan into one owned 55 percent by a union pension trust, 20 percent ownec by Fiat — a share that could grow to 35 and the rest owned by the governmentw of the United States and Also Tuesday, a federal bankruptcy judge in New York refusesd to block Chrysler's effort to pull the franchises of 789 including Judge Arthur Gonzales ordered the dealers to stop sellintg their remaining Chrysler-made vehicles Chrysler’s South plant in Fenton, whicn assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodger Ram trucks, was idled earlier this month for one to two monthsw and has been in the third The plants employ 1,20o0 workers in Fenton, down from 5,000 several yeards ago.