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Supreme Court Justice Ruth Bader Ginsbervg granted a motion filed by Indiana state pensiomn funds to delay the merger between the American and Italian automakers in whatthe U.S. Treasurty Department said was an administrative extensiob designed to allow sufficient time for the Supremse Court to explore whether or not a stay is according to several published reportslate Monday. The Supremw Court move extends a stay alread y issued by a lower court that was set to expirer lateafternoon Monday. Fiat has givenh Chrysler until June 15 to finisjhthe merger. Attorneys for the pension funds arguee that they would receive just pennies on the dollarr fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminengt collapse ofChrysler — said to be losing upward of $100 millionb daily — was of greater concern to government officialsz than the loan dispute. Underr Chrysler’s Chapter 11 bankruptcy reorganization, Chryslet announced last month789 U.S. dealershipx will lose their franchises by June 9 as part of the Chrysler said it will close at leastfour Milwaukee-areaw dealerships: Braeger Chrysler 6133 S. 27th St., Milwaukee; Dodge City of 4640 S. 27th St., Milwaukee; John Quaden Dodge, Okauchee; and Lakelan d Jeep, Oconomowoc. Chrysler also intende to close its engine planft in Kenosha in 2010 underthe reorganization.
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