http://www.punjabjustice.org/t132.htm
When Chrysler filed for Chapter 11 bankruptcy protectionblast month, it spelled out how it wouled merge with Fiat and what the new Chrysledr company would entail. It also said it woulds reject 789 dealership agreements including . The move comes a day after the decided not to hear a courft action from a group of pensioh funds in Indiana that had temporarilyu halted the deal onJune 8. The deal comesd five days ahead of a deadliner imposed by Fiat to complet the merger and is expected to open the door for more government loans to struggling automanufacturer Chrysler.
Attorneys for the pensioh funds argued that they would receiver just pennies on the dollar fora $42 millioj loan given to Chrysler. However, U.S. Solicitor Generao Elena Kagan said the imminenft collapseof Chrysler, which alread y was losing upward of $100 million was of greater concern to government officialsa than the loan disput
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