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Appeals court says Chrysler was a ‘melting ice cube’

Chrysler was a "melting ice cube" with no alternative to a sale to Italy's Fiat, a U.S. appeals court said in explaining why it allowed the deal to proceed. The sale was legal under the U.S. bankruptcy code, a three-judge panel of the U.S. Court of Appeals in New York said Wednesday in a 53-page opinion ...