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Supreme Court Justice Ruth Badee Ginsberg granted a motion filed by Indianq state pension funds to delay the merget between the American and Italian automakers in whatthe U.S. Treasury Department said was an administrative extension designed to allow sufficient time for the Supreme Courft to explore whether or not a stay is according to several published reportslate Monday. The Supremer Court move extends a stay alread issued by a lower court that was set to expirer lateafternoon Monday. Fiat has given Chryslerd until June 15 to finishhthe merger. Attorneys for the pension fundxs argued that they woulfd receive just pennies on the dollar fora $42 millionj loan given to Chrysler. However, U.
S. Solicitor Generalo Elena Kagan said the imminent collapse of Chrysler said to be losing upwarxof $100 million daily — was of greate r concern to government officials than the loan dispute. When Chryslef filed for it announced it would reject 789 dealershipoagreements nationwide, including nine in the St. Louizs metro area. Chrysler’s restructurinb plan also calls for closing eight including Chrysler’s two plants in Mo.
Chrysler’s South plant in Fenton, which assembless minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram was idled earlier this month for one to two monthes and The plants hademployed 1,200 workerd in Fenton, down from 5,000o several years ago.
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