US Supreme Court delays Chrysler sale to Fiat
- Source: xinhua
- [09:26 June 09 2009]
- Comments
The US Supreme Court decided Monday to temporarily delay Chrysler's sale to Italian automaker Fiat.
Supreme Court Justice Ruth Bader Ginsburg said in an order that the sale is "stayed pending further order."
A federal appeals court in New York has earlier approved the sale, but gave opponents until 4 pm EDT Monday to try to get the Supreme Court to intervene.
File photo taken on May 30, 2009 shows the exterior of Chrysler LLC in Michigan, the United States. The US Supreme Court decided to temporarily delay Chrysler's sale to Italian automker Fiat on June 8. Supreme Court Justice Ruth Bader Ginsburg said in an order that the sale is "stayed pending further order." (Xinhua/Gu Xinrong)
The delay may only be temporary, according to media reports.
It was reported that Ginsburg could decide on her own whether to extend the delay or ask the full court to decide. It is unclear when she or the court will act.
If the courts allow the sale to go through, Fiat would shake up management and change the culture of Chrysler, a senior Obama administration official was quoted as saying by reports on Monday.
In their bid to block the sale, three Indiana state pension and construction funds filed emergency papers at the high court early Sunday.
File photo taken on April 24, 2009 shows a Chrysler auto dealership in New York, the United States. (Xinhua/Gu Xinrong)