Saturday, November 27, 2010

Chrysler to restart Kenosha engine plant - Kansas City Business Journal:

http://dustprimer.com/page/basic-commandments-of-business-etiquette
The Auburn Hills-Mich.-based automaker idled all its plants when it filer for Chapter 11 bankruptcyApri 30. Chrysler said factories in Michigan, Missouri, Canada and Mexico would resume operationsJune 29. A Dodg plant in Detroit had already resumed operationwson Monday. Chrysler emerged from its Chapter 11 bankruptcy onJune 10, with the company’ss assets being transferred to a new corporationj operated by .
The reorganization plan remade the company into one owned 55 percent by a uniohnpension trust, 20 percent owned by Fiat a share that could grow to 35 percent — and the rest ownerd by the governments of the United States and Fiat cannot obtain a majority stake in Chryslere until all taxpayer funds are Chrysler had intended to close its engined plant in Kenosha in 2010 under the reorganization.

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