CHRYSLER ANNOUNCES SUPREME COURT ALLOWS TRANSACTION WITH FIAT TO CLOSE CHRYSLER GROUP LLC SET TO EMERGE AS A STRONGER, MORE COMPETITIVE GLOBAL COMPANY
Auburn Hills, Mich.- June 9, 2009 - Chrysler LLC said today the Supreme
Court of the United States has lifted the stay on its transaction with Fiat,
enabling the previously announced global strategic alliance, forming a vibrant
new car company, to proceed. The transaction is expected to close very shortly.
The new company will build upon Chrysler's proud history of innovation
and Fiat's complementary technology and expertise to expand Chrysler's product
portfolio in the U.S., Canada and overseas. As the new company restarts
operations in its facilities, it will continue work already underway on new
environmentally friendly, fuel-efficient, high-quality vehicles that will become
Chrysler's hallmark going forward.
Chrysler LLC thanks the Courts for
their expeditious work throughout this process.
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