Chrysler LLC completed its sale of assets to Fiat Group SpA today after the U.S. Supreme Court rejected an appeal by three Indiana pension and construction funds, consumer groups and others to block the transaction, the Associated Press reported.

Chrysler will emerge as a new company led by Fiat CEO Sergio Marchionne. In a deal made before Chrysler filed for bankruptcy, Fiat will have a 35 percent stake in the automaker in exchange for sharing technology that will help the company build smaller, more fuel-efficient vehicles. The United Auto Workers union will get a 55 percent stake, to be used to fund its retiree health-care obligations, and the U.S. and Canadian governments will receive a combined 10 percent stake.

Secured debtholders will likely get $2 billion in cash, or about 29 cents on the dollar, for their combined $6.9 billion in debt.

“The Chrysler-Fiat alliance can now go forward, allowing Chrysler to re-emerge as a competitive and viable automaker,” the White House said in a statement supporting the decision.

Yesterday Supreme Court Justice Ruth Bader Ginsburg delayed the sale while studying appeals. However, Chrysler and Fiat warned that their deal would automatically expire if the sale didn’t close by June 15. The White House also warned that if the deal didn’t close within 10 days, it would need to increase its funding of Chrysler – the automaker loses $100 million a day that its plants remain closed – or leave its role in the transaction.

A federal appeals court in New York had approved the sale but gave opponents until Monday afternoon to try to get the Supreme Court to step in. In order to obtain a delay, the opponents would have had to show that at least four of the nine justices find that the issue raised is serious enough to warrant hearing a full appeal.

Yesterday, a bankruptcy judge also approved Chrysler’s plan to close 789, or about 25 percent, of its dealerships, effective immediately. Des Moines Chrysler at 4410 Merle Hay Road is among the dealers affected.