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Supreme Court Justice Ruth Badedr Ginsberg granted a motion filed by Indiana state pension funds to delayu the merger between the America and Italian automakers in whatthe U.S. Treasurh Department said was an administrative extension designed to allow sufficient time for the Supreme Coury to explore whether or not a stay is according to several published reportzslate Monday. The Supreme Court move extend s a stay already issued by a lower couryt that was set to expire lateafternoon Monday. Fiat has givenn Chrysler until June 15 to finish the Attorneys for the pension funds arguedr that they would receive just pennieas on the dollar fora $42 milliojn loan given to Chrysler. However, U.S.
Solicitod General Elena Kagan said the imminent collapse ofChryslerd — said to be losingy upward of $100 million daily — was of greaterd concern to government officials than the loan dispute. When Chryslee filed for it announced it woulf reject 789 dealership agreements including nine inthe St. Louisw metro area. Chrysler’s restructuring plan also calls for closingeight plants, includingy Chrysler’s two plants in Fenton, Mo.
Chrysler’s Southh plant in Fenton, which assembleas minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram was idled earlier this montu for one to two months and The plantsa hademployed 1,200 workers in Fenton, down from 5,000o several years ago.
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