Courts delay Chrysler bankruptcy - Business Courier of Cincinnati:

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According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcy court ruling allowing the sale on hold untikfurther notice, though a timeline and specific reason was not The delay came after Indiana pension funda requested a stay from the court so it coulc hear their appeal of Chrysler’s decision to sell to Under Chrysler’s Chapter 11 bankruptcy Chrysler would sell its assets to Italian car maker Fiat. It also was announcexd last month789 U.S. dealerships will lose their franchises by June 9 as part of the Chrysler has listed two Triasd dealerships that will losetheir franchise: Stearnds Chrysler Jeep in Graham and City Motors, which sellx Jeep, in Greensboro.
Mike Cranford, generakl manager of City Motors, said he does not know if they delah will mean anything significant for his but hopes that the courts will more closely review the decisionb tocut franchises. He says if nothing he’d hope Chrysler could help buy back inventoryy and not simply take awaythe “If we can’t be Jeep dealer, we’rd at least like a chanc to sell the franchise,” he says. He said the company has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them About five employees have been laid off, leavingt about 20.
Another six to eight coulx be cut if thebankruptcy deal, as is, goes