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Chrysler sale motion to Fiat on tap

Posted on May 5, 2009 2:30 PM
Laywers for Chrysler LLC will troop back into court Tuesday afternoon, hoping to win a judge's approval of bid protections for a $2 billion sale to Fiat SpA.

The sale would give the Italian carmaker a 20% stake in Chrysler and an opportunity to increase that to 51%. The new Chrysler would also receive $6.9 billion worth of technology, the debtor's chief financial officer, Ronald Kolka, said during Monday's hearing.

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