Bloomberg: Chrysler Amendments to IPO Highlight Conflicts With Fiat
Chrysler Group LLC amended its initial public offering to more clearly detail its value to its majority owner, Fiat, Bloomberg reports.
NEW YORK — Chrysler Group LLC amended its initial public (IPO) offering Monday. In the adjusted filing with the Securities and Exchange Commission (SEC), the automaker altered some characterizations that better outline for its majority owner, Fiat, recent improvements its made in production quality, Bloomberg reported.
There are other area Chrysler sought to better define. In its IPO, for instance, Chrysler redefines what “new” and “significantly refreshed” mean when describing vehicles. The changes, according to the article, highlight conflicts between the two companies.
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