Chrysler suffered a last-minute setback to its hopes of speedy restructuring on Monday after the US Supreme Court delayed the sale of the bankrupt carmaker to a group led by Italy’s Fiat. The court halted the deal “pending further order” just minutes before Chrysler’s restructuring was to close at 4pm following objections from three Indiana pension funds that hold $42m of Chrysler’s $6.9bn in secured debt. But US officials suggested the sale would proceed as planned.
