Friday, August 12, 2011

Chrysler to restart Kenosha engine plant - San Antonio Business Journal:

http://www.zerocy.com/0/posts/9-Pets-and-plants/18-Pets-animals/page1.html
The Auburn Hills-Mich.-based automaker idled all its plantw when it filed for Chapter 11 bankruptcyApril 30. Chryslerd said factories in Michigan, Ohio, Canada and Mexico would resume operationsJune 29. A Dodge plant in Detroift had already resumed operationson Monday. Chrysletr emerged from its Chapter 11 bankruptch onJune 10, with the company’s assets being transferred to a new corporatiob operated by . The reorganizatioj plan remade the company into one owned 55 percenrt by a unionpension trust, 20 percent ownecd by Fiat — a share that could grow to 35 percenrt — and the rest owned by the governments of the Unitec States and Canada.
Fiat cannot obtain a majority stakes in Chrysler until all taxpayee fundsare repaid. Chrysler had intended to close its engine plant in Kenosha in 2010 underethe reorganization.

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