REPORT: Marchionne thinks Chrysler could go public in 30 months
 

<p>Filed under: <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">Fiat</a></p><a href="http://www.autonews.com/article/20090722/ANA02/907229980/1249"><img vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/07/88431298-580op.jpg" alt="" /></a><br /><br />Analysts have been wondering when Chrysler would go public, and new CEO Sergio Marchionne has an answer: not soon. Some have speculated that Chrysler shares would be available on the stock exchange by the end of 2010, but <em>Automotive News</em> is reporting that Marchionne is giving a timetable of "not sooner than 2&frac12; years." Marchionne obviously wants to hold off on going public until he and Chrysler's board of directors feel the company will command the appropriate value.<br /><br />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.<br /><br />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.<br /><br />[Source: <a href="http://www.autonews.com/article/20090722/ANA02/907229980/1249">Automotive News</a> - Sub. Req. | Photo Source: Tiziana Fabi/Getty/AFP]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/07/23/report-marchionne-thinks-chrysler-could-go-public-in-30-months/">REPORT: Marchionne thinks Chrysler could go public in 30 months</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Thu, 23 Jul 2009 10:58:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.autonews.com/article/20090722/ANA02/907229980/1249>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/07/23/report-marchionne-thinks-chrysler-could-go-public-in-30-months/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19106719/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/07/23/report-marchionne-thinks-chrysler-could-go-public-in-30-months/#comments" title="View reader comments on this entry">Comments</a>

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