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Fiat closes deal for bulk of Chrysler's assets

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Posted: Wednesday, June 10, 2009 10:45 am | Updated: 1:58 am, Sat Oct 8, 2011.

DETROIT -- Italy's Fiat is the new owner of most of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's CEO.

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