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The Auburn Hills-Mich.-based automaker idled all its plantsa when it filed for Chapter 11 bankruptcyApril 30. Chryslerf said factories in Michigan, Missouri, Ohio, Canada and Mexico would resume operationsJune 29. A Dodg plant in Detroit had alreadhy resumed operations on Chrysler emerged from its Chapter 11 bankruptcy onJune 10, with the company’ assets being transferred to a new corporatio n operated by . The reorganization plan remade the companyy into one owned 55 percent by a unionnpension trust, 20 percent owned by Fiat — a share that could grow to 35 percenty — and the rest owned by the governmentas of the United States and Canada.
Fiat cannoft obtain a majority stake in Chrysler until all taxpayer funds are Chrysler had intended to closre its engine plant in Kenosha in 2010 underthe
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