Italian automaker Fiat has finalized its deal for bankrupt American manufacturer Chrysler Wednesday morning, forming an alliance that puts Fiat's CEO, Sergio Marchionne, in the driver's seat. The agreement comes a day after the Supreme Court "refused to hear an appeal of lower-court rulings that approved the asset sale," the Associated Press reports. "Fiat won't put any money into the deal but will give Chrysler sorely needed small-car and fuel-efficient-engine technology."
Read it at Associated Press