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.
City A.M. Reporter