- Jul 23, 2009
REPORT: Marchionne thinks Chrysler could go public in 30 months
Reporters also asked Marchionne in a conference call when he felt Chrysler would be profitable. The Fiat/Chrysler CEO pointed out that he didn't feel such speculation was a good idea considering the fact that Chrysler has yet to have a post-bankruptcy board meeting. Good point. Chrysler's board of directors will be meeting on July 29.
Marchionne did, however, say that Chrysler would "generate healthy profit margins" once US auto sales hit 13-14 million units per year; something he doesn't expect to happen before 2011.
[Source: Automotive News - Sub. Req. | Photo Source: Tiziana Fabi/Getty/AFP]