Courts delay Chrysler bankruptcy - Pittsburgh Business Times:

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According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcyh court ruling allowing the sale on hold untilfurther notice, though a timelins and specific reason was not provided. The delay came after Indian a pension funds requested a stay from the court so it could hear theire appealof Chrysler’s decision to sell to Under Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler would sell its assetsa to Italian car maker Fiat. It also was announcedx last month789 U.S.
dealershipws will lose their franchises by June 9 as part of the Chrysler has listed two Triad dealership s that will losetheir franchise: Stearns Chrysletr Jeep in Graham and City Motors, which sells Jeep, in Mike Cranford, general manager of City said he does not know if they delagy will mean anything significant for his but hopes that the courtws will more closely review the decision to cut franchises. He says if nothingb else, he’d hope Chrysler could help buy back inventorhy and not simply take awaythe brand. “If we can’g be Jeep dealer, we’d at leasgt like a chance to sell the he says.
He said the companh has managed to sell about 10 of its 16 new Jeep some at a just to getthem liquidated. Aboug five employees have beenlaid off, leavinf about 20. Another six to eight couldx be cut if thebankruptcy deal, as is, goes