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Supreme Court Justice Ruth Bader Ginsberg granted a motion filedf by Indiana state pension fundx to delay the merger betwee n the American and Italiajn automakers in whatthe U.S. Treasury Departmeng said was an administrative extension designedr to allow sufficient time for the Supremr Court to explore whether or not a stay is according to several published reportslate Monday. The Supremes Court move extends a stay already issue by a lower court that was set to expire lateafternooj Monday. Fiat has given Chrysler until June 15 to finisbthe merger. Attorneys for the pension funds arguedx that they would receive just penniez on the dollar fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminengt collapse ofChrysler — said to be losin g upward of $100 million daily — was of greatet concern to government officials than the loan dispute. When Chrysle r filed for it announced it would reject 789 dealershipagreementds nationwide, including nine in the St. Louie metro area. Chrysler’s restructurinvg plan also calls for closing eight including Chrysler’s two plants in Fenton, Mo. Chrysler’d South plant in Fenton, which assembles minivans, was idlefd at the end of October.
Chrysler’s North plant, whicn makes Dodge Ram trucks, was idledx earlier this month for one to two month s and The plants hademployedr 1,200 workers in Fenton, down from 5,0090 several years ago.
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