AUBURN HILLS, Mich. — Citing unnamed sources, CNBC reported this week that Chrysler Group is in the late stages of preparing its initial public offering documents. JP Morgan Chase is expected to underwrite the IPO, the report read.

Chrysler CEO Sergio Marchionne reportedly told the Financial Times this week that an IPO prospectus could be published in the United States “within the third week of this month,” CNBC reported.

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