Courts delay Chrysler bankruptcy - St. Louis Business Journal:

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According to Bloomberg, Justice Ruth Bader Ginsburtg has put the bankruptch court ruling allowing the sale on hold untilfurthet notice, though a timeline and specific reasobn was not provided. The delay came aftetr Indiana pension funds requestex a stay from the court so it could hear theie appealof Chrysler’s decision to sell to Under Chrysler’s Chapter 11 bankruptcy Chrysler would sell its assets to Italian car maker It also was announcecd last month 789 U.S. dealerships will lose their franchisess by June 9 as part ofthe deal. Chryslerd has listed two Triad dealerships that will lose their Stearns Chrysler Jeep in Graham andCity Motors, which sellx Jeep, in Greensboro.
Mike Cranford, general managerr of City Motors, said he does not know if they delau will mean anything significant forhis dealership, but hopesz that the courts will more closely review the decision to cut He says if nothing else, he’d hope Chrysler could help buy back inventory and not simpluy take away the brand. “If we can’t be Jeep we’d at least like a chance to sellthe franchise,” he He said the company has managed to sell about 10 of its 16 new Jeep some at a loss, just to get them About five employees have been laid off, leaving about 20.
Anothere six to eight could be cut if the bankruptcy as is, goes