Chrysler talks up Fiat merger

City A.M. Reporter
FIAT and Chrysler will eventually be merged even if Chrysler does go for an initial public offering, said Sergio Marchionne, the chief executive of both carmakers.

“We will eventually have a merged car company,” Marchionne told reporters at the Detroit auto show yesterday.

A minority owner of Chrysler last week pushed the US firm to take the first step toward becoming a public company again by demanding that Chrysler register shares with US regulators. A voluntary employee beneficiary association (VEBA), which owns 41.5 per cent of Chrysler, has the right to make the demand.