Top court clears way for Chrysler sale

The US Supreme Court has cleared the way for car giant Chrysler’s sale to Fiat, turning down a last-ditch appeal by opponents that included consumer groups and three pension plans.

The court last night rejected a plea to block the sale of most of Chrysler’s assets to the Italian carmaker. Chrysler, Fiat and the Obama administration had warned that the high court’s intervention could have scuttled the sale.