NEW YORK (AP) -- Today could be decision day for a judge trying to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the company to Italy's Fiat Group SpA.
Robert Nardelli, Chrysler LLC's departing chairman and chief executive, testified in court Thursday that he expects the required U.S. regulatory approvals for the sale of the bulk of Chrysler's assets to a Fiat-led group to be in place by today. He says international approvals will come later.
The hearing was adjourned shortly before midnight and will resume at 9 a.m. and it remains unclear when testimony and arguments related to the sale will wrap up and allow U.S. Judge Arthur Gonzalez to rule.
Detroit's automakers have 20 plants in Ohio. The biggest include a Chrysler LLC complex that makes Jeeps in Toledo.