Worries mount about a Chrysler liquidation


Chrysler LLC, the bankrupt automaker being taken over by Italy's Fiat SpA, was caught off guard by the decision of Supreme Court Justice Ruth Bader Ginsberg to delay the transaction needed to bring the third-largest automaker from bankruptcy.

The automaker and its perspective corporate parent today asked the court to proceed quickly with ruling on the transaction before a June 15 deadline so the deal does not unravel leading to a Chrysler liquidation and thousands of jobs lost.

Rep. John Dingell, a stalwart support of the auto industry for decades, today blasted Indiana pension fund that successfully argued its case before the court.