Closure and Redevelopment
On June 1, 2009, GM announced it would be closing the plant as part of its bankruptcy proceedings. The plant was transferred to Motors Liquidation Company, and transmission production ended on December 15, 2010. The RACER Trust, which was charged with cleaning up and discharging with old GM properties, has controlled the property since March 2011, and received among other proposals an offer from A.E. Equities Group Holdings to buy the plant in 2011.
In April 2013, the Detroit Free Press confirmed that the RACER Trust is negotiating with the Yankee Air Museum, which has until August 2013 to raise the funds needed to purchase a portion of the original bomber plant, which became part of what was Willow Run Transmission. The museum would consolidate operations scattered on various parcels around Willow Run, and the trust expects to clear the remainder of the Powertrain plant for redevelopment.
The main Willow Run article has more details of the complex's history and its redevelopment efforts.
Read more about this topic: Willow Run Transmission