NEW YORK — Chrysler's five weeks of breakneck-speed bankruptcy proceedings came to a screeching — but possibly temporary — halt Monday, when Supreme Court Justice Ruth Bader Ginsburg delayed its sale of assets to Italy's Fiat.
The move could derail the government's ambitious plan for the U.S. automaker to blaze a path to profitability without the burden of many of its debts.
Ginsburg issued a stay just a week before Chrysler says the government-backed sale must go through. After June 15, Fiat could walk away from the deal and leave the struggling U.S. automaker with little option but to liquidate.
Chrysler said it had no comment until it receives further information from the court.
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