Fiat stands by decision to take a stake in Chrysler

In yesterday's episode of "As Chrysler Folds," the U.S. Supreme Court decided to hear a challenge by three Indiana pension and construction funds -- which could ultimately destroy the sale of the company to Fiat.

Despite the decision, the Italian automaker announced today that it won't stop its quest to acquire a controlling stake in the American automaker. A spokesperson for Fiat stated, "Fiat won't walk away from Chrysler." Should Fiat walk away from the deal, Chrysler would have few options other than to liquidate.


The Latest from our Partners