The Supreme Court has overturned a last-ditch effort by opponents to block Chrysler’s sale to Italian automaker Fiat. Justice Ruth Bader Ginsburg issued a delay of the sale Monday, and the Obama administration warned the deal could be completely ruined by the wait. If the sale had been pushed past the June 15 deadline, the U.S. government would have had to fork over another $1 billion to stay the company’s losses, or give up on them altogether. Now Chrysler will be able to sell its best assets to Fiat, which will be run by that company.
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