Live Blogging: Dealers Back In Court
This morning, Chrysler is in federal bankruptcy court asking for Judge Arthur Gonzalez's approval to terminate agreements with 789 dealers starting today. The hearing follows hours of testimony last Thursday from rejected dealers. Although the U.S. Supreme Court yesterday extended a temporary stay blocking the sale of Chrysler' assets to Italian automaker Fiat, the stay only delays the sale and Chrysler can still move to terminate its dealership agreements if Gonzalez approves. Staff writer Tomoeh Murakami Tse will be following developments via The Ticker's Twitter.
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