Fiat vows to stick to Chrysler plan
Italian car maker Fiat has insisted it will not walk away from a deal to acquire a controlling stake in Chrysler despite a US Supreme Court stay on the sale.
Fiat has the legal right to walk away from the deal if the sale is not completed by June 15, but a spokesman for the company said it plans to stay on board despite the new delay.
The US Supreme Court decision on Monday to hear a challenge by three pension and construction funds could scuttle the sale.
But the delay could also only be temporary - Justice Ruth Ginsburg could decide on her own to end the stay, or ask the full court to decide.
If Fiat was to walk away, Chrysler would have little option but to liquidate.