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Fiat CEO Ready To Execute Chrysler’s IPO To Own It 100% : News

Chief Executive Officer Sergio Marchionne said he is working “diligently” on preparing a possible share sale by Fiat’s U.S. unit Chrysler, as the company’s long-term goal is to own it 100 percent.

Chrysler last month filed papers to list shares held by a union-related healthcare trust on the New York Stock Exchange.

“We have filed, it’s a process we will work at diligently,” said Marchionne on a quarterly earnings conference call. “We are ready to execute the Chrysler IPO within 2013.”

But Fiat still wants to own 100 % of Chrysler, he said in reply to a question about whether his goal had changed.


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Sources : Fiat CEO Ready To Execute Chrysler’s IPO To Own It 100% Photo | Fiat CEO Ready To Execute Chrysler’s IPO To Own It 100% Article

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