Marchionne: Chrysler IPO timing depends on markets

TURIN, Italy (AP) — Fiat and Chrysler CEO Sergio Marchionne says market conditions will determine the timing of an initial public offering for Chrysler.

Marchionne arrived in Turin Wednesday for a new car launch a day after repaying $7.6 billion in U.S. and Canadian government loans that kept Chrysler afloat. Fiat recently raised its stake in Chrysler to 46 percent.

He declined to say whether a Chrysler IPO would happen later this year or in 2012. But the CEO said that market conditions in North America were strong, noting that Chrysler was able to raise $6 billion from investors in a week.

Marchionne said the issue remains of how to organize the U.S. and Italian automakers. He said the balance sheets will be consolidated as of June 1.


Use the comment form below to begin a discussion about this content.

Please review our Policies and Procedures before registering or commenting

News Tribune - comments