Thursday, September 26, 2013

U.S. automaker Chrysler files for IPO as a UAW Trust Fund out up

DETROIT, September 23 Reuters) - Chrysler Group LLC filed paperwork could weaken on Monday for initial public offering, an action that take majority owner Fiat plans to the full possession of the U.S. automakers.

The offer is collected from J.P. Morgan, the company said in a securities filing on Monday.

In January the decided Chrysler minority shareholder, the United Auto workers retiree healthcare trust fund, part of its 41.5 percent stake in the company in an IPO to sell.

Sergio Marchionne, Chief Executive of Chrysler and Fiat, said mid-September that the IPO will take place probably in the first quarter of 2014.

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