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Supreme Court Justice Ruth Bader Ginsberg granted a motion filedr by Indiana state pension funds to delay the merger between the American and Italian automakers in whatthe U.S. Treasury Department said was an administrativ e extension designed to allow sufficient time for the Supreme Court to explorw whether or not a stayis needed, according to several publishedr reports late Monday. The Supreme Courg move extends a stay already issuedx by a lower court that was set to expire lateafternoom Monday. Fiat has given Chryslerf until June 15 to finish the Attorneys for the pension funds argued that they wouldx receive just pennies on the dollar fora $42 millio n loan given to Chrysler. U.S.
Solicitor General Elena Kagan said the imminent collapsse ofChrysler — said to be losing upward of $100 million dailyt — was of greater concern to government officials than the loan When Chrysler filed for it announced it would reject 789 dealershiop agreements nationwide, including nine in the St. Louis metro Chrysler’s restructuring plan also calls for closintgeight plants, including Chrysler’s two plants in Fenton, Mo. Chrysler’s Southg plant in Fenton, which assembles minivans, was idledc at the end of October.
Chrysler’s North which makes Dodge Ram trucks, was idlesd earlier this month for one to two monthz and The plants hademployed 1,20p workers in Fenton, down from 5,00o0 several years ago.
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