On Friday, May 29, 2009, the Indiana group's motion was rejected, and on Sunday, May 31, 2009, bankruptcy Judge Arthur J. Gonzalez approved a proposed government restructuring plan and sale of Chrysler's assets that allowed most of the assets of Chrysler to be purchased by the new entity [REF].
Fiat had the right to withdraw from participation in the "New Chrysler" if the deal did not close by June 15.