haga-aa8xuq.blogspot.com
Supreme Court Justice Ruth Bader Ginsberg granted a motionb filed by Indiana state pensionj funds to delay the mergee between the American and Italian automakeres in whatthe U.S. Treasury Departmentf said was an administrative extensionn designed to allow sufficient time for the Supreme Court to explore whether or not a stayis needed, accordint to several published reports late The Supreme Court move extenda a stay already issued by a lowed court that was set to expirew late afternoon Monday. Fiat has given Chrysler until June 15 to finisbthe merger. Attorneys for the pensionj funds argued that they woulcd receive just pennies on the dollar fora $42 milliomn loan given to Chrysler.
However, U.S. Solicito General Elena Kagan said the imminent collapswe ofChrysler — said to be losing upward of $100 milliobn daily — was of greater concernb to government officials than the loan When Chrysler filed for it announcee it would reject 789 dealership agreements including nine in the St. Loui s metro area. Chrysler’s restructuring plan also calls for closinveight plants, including Chrysler’xs two plants in Fenton, Mo. Chrysler’s South plant in Fenton, which assemblesd minivans, was idled at the end of October.
Chrysler’s Nortu plant, which makes Dodge Ram trucks, was idled earliere this month for one to two montha and The plants hademployed 1,200 workers in down from 5,000 several years ago.
No comments:
Post a Comment