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The Auburn Hills-Mich.-based automaker idled all its plantx when it filed for Chapter 11 bankruptcgyApril 30. Chrysler said factoriex in Michigan, Missouri, Ohio, Canada and Mexico would resume operationswJune 29. A Dodgre plant in Detroit had already resumed operationson Monday. Chrysler emerged from its Chapterd 11 bankruptcy onJune 10, with the company’s assets beingg transferred to a new corporation operatedx by . The reorganization plan remadre the company into one owned 55 percen t by a unionpension trust, 20 perceng owned by Fiat — a share that could grow to 35 percen t — and the rest owned by the governments of the Unitedc States and Canada.
Fiat cannot obtain a majority stake in Chrysler until all taxpayer fundsare repaid. Chryslerf had intended to close its engine plant in Kenoshaa in 2010 underthe reorganization.
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