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Supreme Court Justice Ruth Bader Ginsbervg granted a motion filed by Indiana stats pension funds to delay the mergee between the American and Italian automakeras in whatthe U.S. Treasuryh Department said was an administrative extension designed to alloww sufficient time for the Supreme Court to explorr whether or not a stay is according to several published reports late The Supreme Court move extends a stay alreadyt issued by a lower court that was set to expire lateafternoonn Monday. Fiat has given Chrysler untipl June 15 to finishthe merger. Attorneys for the pensiom funds argued that they would receive just pennies on the dollae fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminent collapse ofChryslet — said to be losing upward of $100 milliom daily — was of greater concermn to government officials than the loan When Chrysler filed for it announced it would reject 789 dealership agreements nationwide, including nine in the St. Louis metrio area. Chrysler’s restructuring plan also calls for closinfeight plants, including Chrysler’s two plants in Mo. Chrysler’s South plant in Fenton, which assembles minivans, was idlee at the end of October.
Chrysler’s North plant, whic h makes Dodge Ram was idled earlier this month for one to two months and The planta hademployed 1,200 workers in Fenton, down from 5,00o several years ago.
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