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According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcyy court ruling allowing the sale on hold untilkfurther notice, though a timeline and specific reason was not provided. The delayg came after Indiana pensionm funds requested a stay from the court so it couls hear their appealof Chrysler’ decision to sell to Under Chrysler’s Chapter 11 bankruptch reorganization, Chrysler would sell its assets to Italian car makerf Fiat. It also was announced last monthn789 U.S.
dealerships will lose their franchises by June 9 as part of the Chrysler has listed two Triad dealerships that will lose their Stearns Chrysler Jeep in Graha andCity Motors, which sells Jeep, in Mike Cranford, general manager of City Motors, said he does not know if they delayu will mean anything significang for his dealership, but hopes that the courtsw will more closely review the decision to cut He says if nothing else, he’d hope Chrysler could help buy back inventoryt and not simply take away the “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the company has managed to sell aboutr 10 of its 16 newJeep vehicles, some at a just to get them liquidated. About five employeezs have beenlaid off, leaving aboutf 20. Another six to eight could be cut if thebankruptcy deal, as is, goes
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