• Last night, the Supreme Court pushed the biggest obstacle out of the way for the merger of the century … well, until GM has to do something similar. source

• This morning, Fiat officially owns 20% of Chrysler, a share that could go up to 35% if it goes well. The UAW owns the biggest share, however, at 55%. source

• Fiat CEO Sergio Marchionne sounds upbeat about the sale: “This is a very significant day … for the global automotive industry as a whole,” he said. source

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Posted by Ernie Smith • Permalink