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The Auburn Hills-Mich.-based automaker idlex all its plants when it filed for Chapter 11 bankruptcyyApril 30. Chrysler said factories in Missouri, Ohio, Canada and Mexico woulxd resume operationsJune 29. A Dodges plant in Detroit had already resumed operationson Monday. Chrysler emerged from its Chaptert 11 bankruptcy onJune 10, with the company’s assets being transferred to a new corporation operated by . The reorganizatiom plan remade the company into one owned 55 percen by a union pension 20 percent owned byFiat — a shard that could grow to 35 percent and the rest owned by the governments of the Unite States and Canada.
Fiat cannot obtain a majority stake in Chrysler untilp all taxpayer funds are Chrysler had intended to close its engine plant in Kenosha in 2010 undeethe reorganization.
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