Supreme Court approves New Chrysler to move forward After the sale of Chrysler to a Fiat-led group to form a “new” Chrysler was approved in federal court, the U.S. Supreme Court issued a stay on Monday to allow time to review outstanding appeals. Late Tuesday, the Supreme Court authorized Chrysler to continue with the government-backed sale.  [Bloomberg, CNN, Reuters]

Last day for 789 Chrysler dealers
Chrysler received court approval today to reject 789 dealer contracts, cutting a quarter of its U.S. dealerships effectively immediately. Those dealers had been notified on May 14th. [Automotive News, Consumer Reports]
Read: “Is Chrysler shutting down a dealer near you?”

House OKs “Cash for clunkers”
With a strong majority, House members approved a $4 billion “Cash for clunkers” program that would provide consumers with a voucher worth up to $4,500 to trade in an older, gas guzzler for a new, fuel-efficient model. Next up, Senate needs to debate and vote on its version of the bill. [Associated Press, CNN, House pdf]

New GPS navigation apps for iPhone
At Apple’s Worldwide Developers Conference, Navigon and TomTom revealed new applications that promise to give the iPhone the navigation abilities found in portable navigation devices (PNDs), with true turn-by-turn guidance. [Consumer Reports]