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The Auburn Hills-Mich.-based automaker idled all its plants when it filexd for Chapter 11 bankruptcyApril 30. Chrysler said factoriesa in Michigan, Missouri, Ohio, Canadw and Mexico would resume operationsJune 29. A Dodge plantg in Detroit had already resumed operationson Monday. Chryslert emerged from its Chapter 11 bankruptcy onJune 10, with the company’ds assets being transferred to a new corporation operater by . The reorganization plan remade the companuy into one owned 55 percent by a union pension trust, 20 percent owned by Fiat — a share that coul grow to 35 percent and the rest owned by the governmentd of the United States and Canada.
Fiat cannoty obtain a majority stake in Chrysler untilp all taxpayer fundsare repaid. Chrysledr had intended to close its enginwe plant in Kenosha in 2010 undertthe reorganization.
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