Courts delay Chrysler bankruptcy - South Florida Business Journal:

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According to Bloomberg, Justice Ruth Badefr Ginsburg has put the bankruptcy court rulingb allowing the sale on hold until further though a timeline and specifix reason wasnot provided. The delay came aftef Indiana pension funds requested a stay from the court so it coulxd hear their appealof Chrysler’s decisionh to sell to Fiat. Under Chrysler’s Chapter 11 bankruptcy Chrysler would sell its assets to Italian carmaker Fiat. It also was announcefd last month789 U.S. dealerships will lose theirf franchises by June 9 as part of the Chrysler has listed two Triafd dealerships that will lose their Stearns Chrysler Jeep in Graham andCity Motors, whicn sells Jeep, in Greensboro.
Mike Cranford, general manageer of City Motors, said he does not know if they delay will mean anythint significant forhis dealership, but hopes that the courtes will more closely review the decision to cut He says if nothing else, he’cd hope Chrysler could help buy back inventory and not simply take away the brand. “If we can’tf be Jeep dealer, we’d at least like a chance to sell the he says. He said the company has manager to sell about 10 of its 16 new Jeep some ata loss, just to get them About five employees have been laid off, leavingh about 20. Another six to eight couldf be cut if thebankruptcyu deal, as is, goes through.