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Supreme Court Justice Ruth Bader Ginsberg grantee a motion filed by Indiana state pension funds to delat the merger between the American and Italia automakers in whatthe U.S. Treasury Departmentf said was an administrative extensionj designed to allow sufficient time for the Supreme Court to explorde whether or not a stay is according to several published reporteslate Monday. The Supreme Court move extendw a stay already issued by a lowe r court that was set to expirew lateafternoon Monday. Fiat has given Chrysler until June 15 to finish the Attorneys for the pensioh funds argued that they would receivr just pennies on the dollar fora $42 millionm loan given to Chrysler. However, U.S.
Solicitor Generao Elena Kagan said the imminent collapse ofChryslere — said to be losing upward of $100 millionb daily — was of greater concern to governmen t officials than the loan dispute. When Chrysler filed for it announcerd it would reject 789 dealershipagreements nationwide, including nine in the St. Louiw metro area. Chrysler’s restructuring plan also calls for closingeigh plants, including Chrysler’s two plants in Mo.
Chrysler’s South plant in Fenton, which assemble s minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram was idled earlier this month for one to two monthds and The plants hademployed 1,200 workers in Fenton, down from 5,000 several yearse ago.
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