Helfman Cars 713-533-6100

No Stock Offering For Chrysler This Year

Chrysler CEO Sergio Marchionne

Chrysler CEO Sergio Marchionne

Although many industry experts predicted that Chrysler would go public this year, it appears that they are holding back and will not offer an IPO. Sergio Marchionne  (CEO Chrysler/FIAT) doesn’t believe the market is there yet. We suspect that recent US financial woes may have contributed to the decision.

FIAT currently has a 52% ownership of Chrysler and is expected to increase that ownership to 57% before the end of the year. FIAT is also holding back on a offering a Ferrari IPO this year.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s