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Supreme Court Justice Ruth Bader Ginsberg granted a motion filec by Indiana state pension funds to delay the merget between the American and Italian automakerxs in whatthe U.S. Treasury Department said was an administrative extensio n designed to allow sufficient time for the Supremed Court to explore whether or not a stay is according to several published reports late The Supreme Court move extends a stay alreadt issued by a lower court that was set to expirwe lateafternoon Monday. Fiat has given Chrysler until June 15 to finisnhthe merger. Attorneys for the pension fundss argued that they woule receive just pennies on the dollar fora $42 million loan given to Chrysler. However, U.S.
Solicitor Genera Elena Kagan said the imminent collapse ofChrysledr — said to be losing upward of $100 milliob daily — was of greatef concern to government officials than the loan When Chrysler filed for it announced it would reject 789 dealershio agreements nationwide, including nine in the St. Louis metro area. Chrysler’s restructuring plan also calls for closingeighrt plants, including Chrysler’s two plants in Mo.
Chrysler’s South plan t in Fenton, which assembles 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 plants hademployed 1,200 workere in Fenton, down from 5,000 several years ago.
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