Chrysler Fiat Sale Delayed by U.S. Justice Ginsburg (Update1)

Chrysler said in court papers that the sale is necessary to stanch losses of $100 million a day. Chrysler said the sale, which would transfer its Jeep, Chrysler and Dodge brands, would help save 38,500 jobs plus those of workers at its suppliers.

Fiat has set a June 15 deadline for completion of the deal.

Unless the court decides in the next week or so looks like Chrysler will implode.