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According to a Bloomberg News report, Chrysler Group’s initial public offering may be postponed until next year, according to CEO Sergio Marchionne. Marchionne said the delay might help Chrysler to really “be ready to be a public company again.” Marchionne was at Fiat SpA’s annual meeting when he was asked if the IPO would take [...]
Sergio Marchionne, CEO of Fiat SpA and Chrysler Group, LLC, today told reporters in Milan that the Italian automaker may exercise its options to acquire a 51% majority of Chrysler prior to an initial public offering. Quoted by Bloomberg News, Marchionne said, I think it is possible, don’t know whether it is likely, but it [...]
London-based UBS analyst Philippe Houchois believes Fiat SpA will take control of Chrysler by the end of 2011. Quoted in Automotive News, Houchois sees Fiat refinancing Chrysler’s government loans by March, assimilating the U.S. automaker by summer and making an initial public offering in the fall. “Taking control of Chrysler came across as a clear [...]
Chrysler Group may repay loans from the U.S. and Canadian governments ahead of schedule. Fiat SpA would then be allowed to purchase a controlling interest the the Auburn Hills-based automaker. Speaking at a news conference yesterday, CEO Sergio Marchionne said, “It’s one of the options that we’re looking at,” Marchionne added, “It’s not required to [...]