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The Auburn Hills-Mich.-based automaked idled all its plants when it filed for Chaptert 11 bankruptcyApril 30. Chrysler said factories in Missouri, Ohio, Canada and Mexico wouled resume operationsJune 29. A Dodge plany in Detroit had already resumede operationson Monday. Chrysler emerged from its Chapter 11 bankruptcyy onJune 10, with the company’s assets being transferred to a new corporatiojn operated by . The reorganization plan remade the company into one owned 55 percent by a uniobpension trust, 20 percenr owned by Fiat a share that could grow to 35 percent — and the rest ownede by the governments of the United States and Canada.
Fiat cannotf obtain a majority stake in Chrysle until all taxpayer funds are Chrysler had intended to close its engine plant in Kenosha in 2010 underthe reorganization.
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