Courts delay Chrysler bankruptcy - St. Louis Business Journal:

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According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptct court ruling allowing the sale on hold untilfurthef notice, though a timeline and specific reasob was not provided. The delay came afte Indiana pension funds requested a stay from the court so it coulc hear their appealof Chrysler’s decision to sell to Under Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler wouls sell its assets to Italian car maker Fiat. It also was announcefd last month789 U.S.
dealerships will lose their franchisese by June 9 as part of the Chrysler has listed two Triar dealerships that will losetheir franchise: Stearns Chryslerd Jeep in Graham and City which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delayg will mean anything significant for his but hopes that the courts will more closeluy review the decision to cut He says ifnothing else, he’d hope Chrysler couldf help buy back inventory and not simplgy take away the brand. “Iff we can’t be Jeep dealer, we’sd at least like a chance to sell the he says.
He said the companyg has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them About five employees have been laid off, leavin g about 20. Another six to eight could be cut if thebankruptcyu deal, as is, goes