The merged Fiat Chrysler Automobiles is targeting October 13 to launch its initial public offering on the New York Stock Exchange, CEO Sergio Marchionne told reporters assembled for a meeting in Rimini, Italy.

"The most likely date for the listing in the US is October 13," Marchionne said, according to Reuters.

Marchionne is trusting that the money made in the IPO will be contribute heavily his ambitious, $64-billion five-year growth plan, which will see FCA reboot Alfa Romeo and Maserati and expand Jeep's global presence. Should the IPO fall short, though, Marchionne has confirmed that "all decision [sic] on any capital increase will be taken by the board of FCA at the end of October."


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    • 1 Second Ago
  • 9 Comments
      Bill Burke
      • 3 Months Ago

      I was a Chrysler Corporation stockholder, a Daimler-Chrysler stockholder and I will become a Fiat Chrysler Automobiles stockholder. Just a way to be more a part of my Chrysler passion. I drive my investments and the dividends helped pay for it. Always made money on these investments too. Who said you should invest with your head and not your heart? Rubbish !

        Ed
        • 3 Months Ago
        @Bill Burke

        If you bought 1000 shares of Chrysler Corp stock at the time Lee Iacoca paid the goverment loans back 3 years early and you then sold them when Daimler took over; you could buy a Hellcat Challenger for your self and still have money left over to buy your wife a V6 Challenger of her own.

          Bill Burke
          • 3 Months Ago
          @Ed

           In essence, that's what I did. My initial investment was an emotionally driven purchase with some non essential fun money,because I could,and what the heck. I enjoyed voting my options and collecting dividends and getting some advanced information on product, as well as insights into corporate governance. Too bad I didn't make a serious investment for an actual profit driven motivation, because the stocks actually paid off. I did buy the Chrysler stock in the dyer Iaccoca days, in some measure because as an Italian, I wanted Lee to succeed, and because I wanted to be part of the Chrysler family. He sent me a personalized letter thanking me for my faith in him and the company. That was special.

           Here we are in 2013 with another Italian genius running the company and a ground floor opportunity to become a committed part of the heavily  Italian influenced company. It's a "no brainier" if logic and and financial calculus is dismissed for Italian pride and brand loyalty. As I said initially, voting with your heart my be poor decision making, but it also might pay off as a unique business savvy based on emotional that dismisses logic as rubbish.

      Bill Burke
      • 3 Months Ago
       Not to fear....my wife is Sicilian, she give FCA the "eye" for me. All is good with Fiat. 
      mytocuhmyself
      • 3 Months Ago

      CFA looks better than FCA. Making Fiat first seems like a bad omen.

        Larry Litmanen
        • 3 Months Ago
        @mytocuhmyself

        You do realize that Fiat bought a bankrupt Chrysler.

          gtv4rudy
          • 3 Months Ago
          @Larry Litmanen

          @mytocuhmyself, I don't recall Fiat ever in bankruptcy, They weren't very healthy but never bankrupt. How could they, the Italian government always poured money into it.

          mytocuhmyself
          • 3 Months Ago
          @Larry Litmanen

          Yes, essentially to also get themselves out of their own bankruptcy. That was part of the deal. By buying the company, they made Fiat eligible for the bailout. So it was with the US dollar that Fiat is still in business therefore CFA should be the name.

          http://news.investors.com/ibd-editorials/010214-684920-fiat-finalizes-chrysler-acquisition-taxpayers-lose.htm

      Larry Litmanen
      • 3 Months Ago

      Right before elections eh.