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Supreme Court Justice Ruth Bader Ginsberg grantef a motion filed by Indiana statde pension funds to delay the merger betweebn the American and Italianj automakers in whatthe U.S. Treasury Departmenrt said was an administrative extension designed to allowq sufficient time for the Supreme Court to explore whether or not a stay is according to several published reports late The Supreme Court move extends a stay alread issued by a lower court that was set to expirde lateafternoon Monday. Fiat has givehn Chrysler until June 15 to finishthe merger. Attorneyds for the pension funds argued that they would receivew just pennies on the dollad fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminenrt collapse of Chrysler said to be losing upward of $100 million daily — was of greatere concern to government officials than the loan When Chrysler filed for it announced it woulfd reject 789 dealership agreements nationwide, includint nine in the St. Louis metro area. Chrysler’s restructuringy plan also calls for closing eight including Chrysler’s two plants in Mo.
Chrysler’s South plant in Fenton, which assemblesz minivans, was idled at the end of Chrysler’s North plant, which makes Dodgre Ram trucks, was idled earlier this month for one to two monthz and The plants hademployed 1,200 workers in Fenton, down from 5,000 severalp years ago.
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