The Industry's Leading Source For F&I, Sales And Technology

Top News

Chrysler IPO Postponed Until 2014, Forbes Reports

November 26, 2013

DETROIT — Fiat announced Friday it will not follow through with its plan to launch an initial public offering (IPO) for Chrysler by the end of the year, Forbes reports. According to the media outlet, Fiat cites a disagreement on pricing as the reason behind the delay, saying the originally planned IPO schedule is “not practicable.”

The pricing dispute falls between Fiat, which owns 58.5 percent of Chrysler, and a healthcare trust that reportedly owns 41.5 percent of the manufacturer.

To read the full story, click here.

 

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Dorschel Group’s Michele Myers Aces AFIP Exam

The Association of Finance and Insurance Professionals announced that Michele Myers, vice president of financial services for the Dorschel Group, posted a perfect score on its rigorous 200-question Senior Certification Exam.