Chrysler to ask bankruptcy judge to terminate dealer franchises; Ind. funds get appeal hearing

June 22nd, 2009 Chrysler dealer appeals franchise terminationsNEW YORK — A pair of former Chrysler LLC dealerships are appealing a bankruptcy judge's order terminating their franchises and those of more than 700 others. Tarbox Motors and Tarbox Chrysler Jeep filed a notice of appeal on Friday, saying that they were appealing the decision to U.S.

June 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.

June 10th, 2009 Supreme Court clears way for Chrysler's Fiat saleWASHINGTON — The Supreme Court on Tuesday cleared the way for Chrysler LLC's sale to Fiat, turning down a last-ditch bid 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.

June 10th, 2009 Supreme Court to let Chrysler sale go forwardNEW YORK — The Supreme Court on Tuesday cleared the way for Chrysler's partnership with Italy's Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker's sale. The sale of Chrysler LLC's assets to Fiat Group SpA had been expected to close more than a week ago, but Supreme Court Justice Ruth Bader Ginsburg's Monday decision to delay the sale while studying an appeal by the Indiana state funds threatened to derail Chrysler's restructuring plans.

June 10th, 2009 High court won't block Chrysler saleWASHINGTON — 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.

June 10th, 2009 Judge lets Chrysler cut 789 dealers immediatelyNEW YORK — A bankruptcy judge on Tuesday approved Chrysler's plan to terminate 789 of its dealer franchises, and the Supreme Court cleared the way for the automaker's partnership with Italy's Fiat, rejecting a plea by a trio of Indiana pension plans and others to block the sale. U.S. Judge Arthur Gonzalez's order says the franchises, which represent about 25 percent of the company's dealer base, can no longer act as authorized Chrysler, Dodge and Jeep dealers, effective immediately.

June 10th, 2009 Judge lets Chrysler cut dealers, Fiat sale gainsNEW YORK — A bankruptcy judge on Tuesday approved Chrysler's plan to terminate 789 of its dealer franchises, and the Supreme Court cleared the way for the automaker's partnership with Italy's Fiat, rejecting a plea by a trio of Indiana pension plans and others to block the sale. U.S. Judge Arthur Gonzalez's order says the franchises, which represent about 25 percent of the company's dealer base, can no longer act as authorized Chrysler, Dodge and Jeep dealers, effective immediately.

June 10th, 2009 Judge lets Chrysler cut dealers as Fiat sale gainsNEW YORK — A bankruptcy judge on Tuesday approved Chrysler's plan to terminate 789 of its dealer franchises, and the Supreme Court cleared the way for the automaker's partnership with Italy's Fiat, rejecting a plea by a trio of Indiana pension plans and others to block the sale. U.S. Judge Arthur Gonzalez's order says the franchises, which represent about 25 percent of the company's dealer base, can no longer act as authorized Chrysler, Dodge and Jeep dealers, effective immediately.

June 9th, 2009 Judge OKs Chrysler plan to terminate franchisesNEW YORK — A bankruptcy judge says Chrysler can go ahead with its plan to terminate the franchises of 789 of its dealers. U.S. Judge Arthur Gonzalez issued the order late Tuesday afternoon.

June 5th, 2009 Appeals court to hear argument vs. Chrysler saleNEW YORK — The decision on whether Chrysler can sell the bulk of its assets to a group led by Italy's Fiat as part of its plan to emerge from bankruptcy protection is in the hands of a federal appeals court.

June 4th, 2009 Judge to consider Chrysler franchise terminationsNEW YORK — Chrysler heads back to bankruptcy court Thursday to ask the judge overseeing its case to allow it to terminate the franchise agreements of 789 of its dealers, despite the protests of many dealers who say the move could shutter their businesses for good. U.S. Judge Arthur Gonzalez is expected to hear testimony from Chrysler LLC executives and dealers during what's expected to be a lengthy hearing.

June 3rd, 2009 Motion to terminate dealer franchises postponedNEW YORK — A hearing on Chrysler's request to terminate the franchises of 789 of its dealers has been pushed back by a day. U.S. Judge Arthur Gonzalez will hear arguments Thursday on the Auburn Hills, Mich.-based automaker's motion to eliminate the franchises.

May 30th, 2009 Judge to rule by Monday on sale of Chrysler assetsNEW YORK — A bankruptcy judge says he will rule by Monday on whether Chrysler can sell most of the company to a group headed by Italy's Fiat. U.S. Judge Arthur Gonzalez heard 11 hours of testimony and arguments Friday following marathon sessions the two previous days.

May 29th, 2009 Chrysler appears hours away from Fiat sale rulingNEW YORK — Chrysler LLC could be hours away from a ruling on its plan to sell most of the company to a group led by Italy's Fiat Group SpA, a big step toward its goal of a speedy exit from bankruptcy protection. Closing statements on the sale began in U.S.

May 29th, 2009 Chrysler heads back to bankruptcy court FridayNEW YORK — It could be decision day Friday for a judge trying to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the company to Italy's Fiat Group SpA. Robert Nardelli, Chrysler LLC's departing chairman and chief executive, testified in court Thursday that he expects the required U.S.