Fiat says it still wants Chrysler
A U.S. Supreme Court stay won't chase Fiat away.
The Italian automaker says it won't walk away from a deal to acquire a controlling stake in Chrysler despite the stay issued by Justice Ruth Bader Ginsburg.
Fiat has the legal right to walk away from the deal if the sale is not completed by June 15. But a spokesman for Fiat says today that the automaker will stay on board.
The Supreme Court delay could only be temporary. Ginsburg could decide on her own to end the stay, or ask the full court to decide.
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If Fiat were to walk away, Chrysler would have little option but to liquidate.
Meantime, dealers opposed to the automaker's plan to terminate relationships with some 789 Chrysler franchises are headed back to court today.
The dealers claim they don't cost Chrysler much of anything.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
