Chrysler Wins Plea to Shutter 789 Dealerships
Fiat gained ownership of most of Chrysler L.L.C.'s assets Wednesday, a day after a bankruptcy judge approved Chrysler's plan to terminate 789 of its franchises and the U.S. Supreme Court declined to rule on objections to the sale by a group of Indiana state pension funds, who argued that the bankruptcy favored unsecured creditors over secured lenders.