StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Marchionne: Chrysler IPO may be delayed ’til 2012

by Bill Cawthon on

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 place this year. His response was “I don’t know.”

As he has said repeatedly, Marchionne considers timing an IPO to depend on the need for additional liquidity and the desire of the United Auto Workers union to sell part of its stake.

Marchionne today did reiterate his plan to own 51 percent of Chrysler by the end of this year if he can complete a refinancing deal and repay loans from the U.S. and Canadian governments.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.

Know & Go screens
Employees created new FCA US app—first available to Ram TRX

Newest Ram Built to Serve models honor the U.S. Air Force

Former Ram chief engineer Michael J. Cairns

More Mopar Car
and Truck News

Some popular Allpar pages

Dodge Demon

2018 Wrangler JL

Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.