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I think characterizing it as the equipment being "held hostage" is a little misleading. The company in question didn't actually own the tooling that GM's stuff was set up on. It was bought with a large loan from the bank that, as it turns out, was the straw that broke that financial camels back. Really it wasn't theirs to release and everyone had to sit around and see how the bank was going to dispose of the parts and property of the company.
Then again, this is what happens when someone wins a contract after they have chapter 11'ed and took protection for reorganization with in the last 10 years. Gotta wonder who is putting the money in which bank and how mch is left for the bills.
As far as I know it is all sorted out now and back on track.
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