Business news digest


Delphi retirees take action over pensions

INDIANAPOLIS — The Delphi Salaried Retirees Association has retained the Indianapolis law firm of Krieg DeVault LLP to challenge the Delphi Corp.’s announced intention of allowing its salaried pension program to default to the federal government’s Pension Benefit Guaranty Corp.

“The situation has become critical. Immediate legal steps must be taken to prevent the pension default,” said Den Black, DRSA interim chairman. The organization of retirees has been researching legal actions to retain their full pensions.

Chrysler dealers appeal franchise termination

NEW YORK — A pair of former Chrysler LLC dealerships in Rhode Island are appealing a bankruptcy judge’s order terminating their franchises and those of more than 700 others.

Tarbox Motors and Tarbox Chrysler Jeep filed a notice of appeal Friday, saying that they were appealing the decision to U.S. District Court.

Earlier this month, U.S. Judge Arthur Gonzalez ruled that Auburn Hills, Mich.-based Chrysler LLC could terminate the franchise agreements of 789 of its dealers as part of its restructuring plan.

From Vindicator staff and wire reports