Thursday, September 2, 2010

Chrysler to restart Kenosha engine plant - The Business Journal of the Greater Triad Area:

http://www.richsextonforcongress.com/article/The-vehicle-was-a-totally---.html
The Auburn Hills-Mich.-based automaker idled all its plants when it filef for Chapter 11 bankruptcyApril 30. Chryslet said factories in Michigan, Missouri, Ohio, Canadwa and Mexico would resume operationssJune 29. A Dodge plant in Detroif had already resumed operations on Chrysler emerged from its Chaptet 11 bankruptcy onJune 10, with the company’ assets being transferred to a new corporationm operated by . The reorganizatiob plan remade the compang into one owned 55 percentf by a union pension 20 percent owned byFiat — a share that could grow to 35 percenft — and the rest ownecd by the governments of the United Stateas and Canada.
Fiat cannot obtainm a majority stake in Chrysler until all taxpayet fundsare repaid. Chrysler had intendeds to close its engine plant in Kenosha in 2010 undertthe reorganization.

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