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EMERGENCY STOP FOR CHRYSLER SALE

THREE Indiana state pension and construction funds asked the US Supreme Court to block Chrysler’s sale to Fiat yesterday, as they seek to appeal the sell-off. The news comes after a US appeals court gave the sale the green light last month. If the deal goes ahead, Fiat will own 20 per cent of Chrysler, a union trust would own 68 per cent, and 12 per cent would be government owned.