--Chrysler Hopes For Friday OK to Sell Assets to Fiat--

U.S. automaker Chrysler hopes to end a third day of bankruptcy court hearings on Friday with approval to sell most of its operations to a group led by Italy's Fiat, although opponents are likely file immediate appeals.

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Chrysler wants to sell most of its assets to a "New Chrysler" owned by Fiat, labor unions and the U.S. and Canadian governments, in exchange for $2 billion paid to its lenders.

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Unwanted plants and businesses will remain in bankruptcy court to settle outstanding claims and liabilities.

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~http://www.cnbc.com/id/30998029

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~http://www.azcentral.com/news/articles/2009/05/29/20090529chrysler-ON.html