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The Auburn Hills-Mich.-based automakee idled all its plants when it filed for Chaptere 11 bankruptcyApril 30. Chrysler said factoriesw in Michigan, Missouri, Ohio, Canada and Mexico wouldd resume operationsJune 29. A Dodge plant in Detroit had alreadhy resumed operationson Monday. Chrysler emerged from its Chapter 11 bankruptct onJune 10, with the company’s assets beingg transferred to a new corporation operated by . The reorganizatioh plan remade the company into one owned 55 percent by a uniojpension trust, 20 percent owned by Fiat a share that could grow to 35 percent — and the rest ownec by the governments of the United State and Canada.
Fiat cannot obtain a majority stakde in Chrysler until all taxpaye r fundsare repaid. Chrysle r had intended to close its engine plant in Kenoshaz in 2010 underthe
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