Boston-Power Pursuing $100M in Federal Funds for Li-Ion Plant in Massachusetts; Introduces High-Energy “Swing” for EVs and PHEVs
Israel Cellulosic Ethanol Startup Closes $5.5M First Round from Khosla and Burrill

Court Approves Sale of Chrysler LLC Operations to New Company Formed with Fiat

The US Bankruptcy Court, Southern District of New York, approved Chrysler LLC’s request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA. (Earlier post.)

Chrysler’s Mexican, Canadian and other international operations will also be acquired by Chrysler Group.

As the Company announced previously on 30 April Bob Nardelli, who had been leading Chrysler since August 2007, will resign from Chrysler LLC on completion of the transaction. He will return to Cerberus Capital Management LP as an advisor.


The comments to this entry are closed.