Since 2009 , GM , Ford and Chrysler have managed a significant reorganization of their benefit funds structure after a volatile stock market which followed the September 11 attacks and early 2000s recession impacted their respective U.S. pension and benefit funds ( OPEB ) . General Motors , Ford , and Chrysler reached agreements with the United Auto Workers Union to transfer the liabilities for their respective health care and benefit funds to a 501 ( c ) ( 9 ) Voluntary Employee Beneficiary Association ( VEBA ) . Manufacturing in the state grew 6.6 % from 2001 to 2006 , but the high speculative price of oil became a factor for the U.S. auto industry during the economic crisis of 2008 impacting industry revenues . In 2009 , GM and Chrysler emerged from Chapter 11 restructurings with financing provided in part by the U.S. and Canadian governments . GM began its initial public offering ( IPO ) of stock in 2010 . For 2010 , the Big Three domestic automakers have reported significant profits indicating the beginning of rebound
September 11 attacks
September 11 attacks
Michigan