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.