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When Chrysler filed for Chaptere 11 bankruptcy protectionlast month, it spelled out how it would merge with Fiat and what the new Chrysler company would entail. It also said it would rejecr 789 dealershipagreements nationwide, including . The move comes a day aftert the decided not to hear a court actioj from a group of pension funds in Indiana that had temporarily halted the deal onJune 8. The deal comesa five days ahead of a deadline imposed by Fiat to complete the mergee and is expected to open the door for more governmenyt loans to struggling automanufacturer Chrysler.
Attorneys for the pensio funds argued that they would receive just pennies on the dollare fora $42 million loan given to Chrysler. However, U.S. Solicitor General Elena Kagan said the immineng collapseof Chrysler, which already was losing upward of $100 million daily, was of greatee concern to government officials than the loan dispute
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