A US judge has approved the sale of Chrysler to Fiat. Judge Arthur Gonzalez said that Chrysler only had one alternative, which was to sell off its best assets to Fiat, reorganise itself during a bankruptcy filing and come out a better company as a result.
Some of the stuff that Judge Gonzalez wrote in his statement include saying:
"The whole enterprise may be worth more than the sum of its parts because of the synergy between Chrysler, which provides its network of dealerships, its production of larger cars, and Fiat, which provides the smaller car technology, and the access to certain international markets..” and “Indeed, because of the overriding concern of the U.S. and Canadian governments to protect the public interest, the terms of the Fiat Transaction present an opportunity that the marketplace alone could not offer, and that certainly exceeds the liquidation value.”
