Courts delay Chrysler bankruptcy - Silicon Valley / San Jose Business Journal:

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According to Bloomberg, Justicew Ruth Bader Ginsburg has put the bankruptcy courg ruling allowing the sale on hold until further though a timeline and specifix reason wasnot provided. The delayh came after Indiana pension funds requested a stay from the court so it could hear their appealof Chrysler’es decision to sell to Under Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler woulrd sell its assets to Italian car maker It also was announced last month 789 U.S.
dealershipse will lose their franchises by June 9 as part of the Chrysler has listed two Triad dealerships that will losetheidr franchise: Stearns Chrysler Jeep in Graham and City which sells Jeep, in Mike Cranford, general manager of City said he does not know if they delauy will mean anything significant for his but hopes that the courts will more closelgy review the decision to cut He says if nothing else, he’d hope Chrysletr could help buy back inventorh and not simply take away the brand.
“If we can’tg be Jeep dealer, we’d at least like a chance to sellthe franchise,” he He said the company has managed to sell abourt 10 of its 16 new Jeep some at a loss, just to get them About five employees have been laid off, leaving about 20. Anothe r six to eight could be cut if thebankruptcuy deal, as is, goes through.