Fiat boss Sergio Marchionne says there's a real possibility that its majority-owned Chrysler Group may eventually return to the ranks of publicly traded companies. According to Bloomberg, the Fiat and Chrysler CEO gives that a "50 percent chance" of happening, but he doesn't appear to favor that scenario: "My preference is to be one single company... we belong together."

Marchionne has seemingly been operating under the assumption that Fiat will eventually own all of Chrysler, working to buy up the shares it doesn't own and looking to buy out the retiree trust fund that it shares Chrysler ownership with. Certainly, Chrysler going independent again would be increasingly difficult, as the companies continue to blend products, technologies, facilities and staffing, a trend started immediately after the Italian automaker became custodian of the brand following Chrysler's bankruptcy in 2009.

Marchionne's remarks to the media came at Chrysler's Kokomo, Indiana plant, where he was on hand to announce a major investment at four facilities in the state to build eight- and nine-speed automatic transmissions.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 9 Comments
      whofan
      • 1 Year Ago
      Fiat and Chrysler have a great thing going if they respect each other and become one. Also the Italians need to reconize Chrysler heritage and American taste. Dodge name belongs on the pickup truck and dropping the Caravan in favor of the Town and Country would be a mistake. It`s ok to evolve Jeep but be careful. Don`t do a Diamler!
        Bill Burke
        • 1 Year Ago
        @whofan
        Let's face it there will be bumps in the road, but so far this Fiat/Chrysler merger is working very well. Fact is Chrysler had good product before Fiat got on board, but ownershp looking only to squeeze every penny out of Chrysler and then sell it off, was heartlessly destroying this auto maker from inside. The best thing Fiat did was recognize the value of Chrysler as a successful auto company and the value in improving the product. There were no dollars in the offering to do that a meger few to develop new product. The merger plan took a bit of each side swollowing some pride and letting each do what it does best. Now Chrysler is getting world class small car assets from Fiat and Fiat has the best SUV/Minivan/Truck/Large car product line they could ever wish for to integrat into their lineup. Together it seems the plan is working.
          XJ Yamaha
          • 1 Year Ago
          @Bill Burke
          Eh, I'm not too sold on the notion that Chrysler had good products before Fiat came on. The Grand Cherokee and updated RAM trucks were brighter spots, but many of the other vehicles were in serious need of updating. Fortunately the Fiat merger knew this from the get go. I look forward to following Chrysler Co.'s future products continue to evolve.
      car-a-holic
      • 1 Year Ago
      Hmm.... At least it seems as if he's got a plan and knows what he's doing. Would there still be a helm at Chrysler if he didn't jump on????
      Generic
      • 1 Year Ago
      The problem with going public is the larger investors demand large profits instead of realistic growth. In the end, the product and staff gets pinched and quality suffers. They should just keep it private and considerate on Quality. They aren't exactly on the top of any quality list and they can't afford short cuts to make boasted profit numbers.
        Bill Burke
        • 1 Year Ago
        @Generic
        Check those lists again. Things are going well at Chrysler, including build quality.
      Bill Burke
      • 1 Year Ago
      Whenever it happens, I'll be snatching up as many shares as I can afford. I've been a Chrysler investor before and made money. I think I'll be happy with this investment too.
      Zen Satori
      • 1 Year Ago
      Should investigate the Dodge Slingshot design and the Razor dodge , proto types. Bother have merit and the extra pizzzaz zz that the marque needs with the super ready to buy young ,if bare bones that's good too .