Because Fiat wants to go from 58.5% ownership of Chrysler to all of it, but the union-affiliated healthcare trust VEBA doesn't agree on share value, Chrysler filed for a flotation of the union shares last week.
"One of the things I hope is that it will become very clear exactly what the markets think Chrysler is worth, which is the only real reference point. There's a pretty clear process that leads to the IPO, and it places clear road markers that can be recognized by both sides."
Sergio Marchionne, CEO Chrysler and Fiat
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| Sergio Marchionne |
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