Chrysler Cleared to Kibosh Dealerships

A bankruptcy judge says Chrysler can close 789 franchises around the United States, U.S. Judge Arthur Gonzalez has ruled. These dealerships will be immediately barred from acting as authorized Chrysler, Dodge and Jeep dealers.

Further down in the same story, Fiat seems to undermine Chrysler's claim that the urgency of closing its pending deal with Fiat by June 15 is such that the pension funds' lawsuit against Chrysler must be dismissed.

Update: The Supreme Court throws out the pension funds' claim.