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Chrysler IPO Coming Up as Fiat Counts on Merger

2013-11-17 17:25:01| AutomotiveDigest.com - Automotive Industry News

Sergio Marchionne, chief executive of Fiat and Chrysler, is counting on a merger of the two companies as Fiats financial performance gets hit. Fiats third quarter profits were hurt, but Chrysler had strong results. Marchionne would like to see the two companies merge to better compete with global majors GM and Volkswagen. His efforts have been undercut by union healthcare trust Veba, which owns 40.5% of Chrysler not held by Fiat; Veba wants to see an initial public offering that Marchionne would rather avoid. Marchionne has been credited for creating a partnership and integration between Fiat and Chrysler, avoiding the mess that happened not long ago with Daimler not treating Chrysler as an equal partner. Read all about whats next for the Fiat and Chrysler merger.The Article Chrysler IPO Coming Up as Fiat Counts on Merger appeared first on Automotive Digest.

Tags: coming counts chrysler fiat

Fiat CEO says Chrysler to file for listing this week: FT

2013-09-16 13:48:47| Automakers - Topix.net

Chrysler is ready to file documents for its initial public offering this week, the chief executive of both the U.S. carmaker and its parent Fiat ( "All the work, all the preparation, drafts has gone through ... we should be ready to file within the third week of this month," CEO Sergio Marchionne was quoted as saying.

Tags: file week listing ft

Fiat Trial Wait on UAW's Chrysler Stock May Delay Combination

2013-09-06 03:14:33| Automakers - Topix.net

Fiat SpA may have to wait until 2015 for a trial over the value of some Chrysler Group LLC shares owned by a union health-care fund, further delaying a plan to combine the two companies.

Tags: stock trial wait combination