TURIN, Italy Fiat and Chrysler CEO Sergio Marchionne Wednesday proposed that Chrysler of its initial public offering of the demand of the US automaker and the auto workers union Trust Fund cash can delay.
Marchionne has already indicated that an IPO could happen by the end of the year.
He said a decision on, if and when to Chrysler public how much the automaker would depend on itself and the United Auto workers healthcare trust, which pays health benefits for pensioners and need a 63.5% in Chrysler, liquidity market share.
"If these two needs are not present, then the IPO of Chrysler can or may be irrelevant," Marchionne told reporters after a Fiat shareholders meet.
But he added: "It is rational, perhaps useful, to expect that it will have an IPO." It can be done very quickly. We stored in the SEC, we are working even our way through the comments. We have, once again implemented a public company, and issue of securities takes time. "We should do it properly."
Fiat SpA, which took over management of Chrysler LCC 21 months, increased its stake in the once bankrupt automaker, Detroit number three to 25 percent this year. Marchionne confirmed that it expects that to increase it to 35 percent by the end of the year. At this point, it could go further and increase your participation on 51 percent majority stake if Chrysler pays loan to the U.S. and Canadian governments back. Marchionne is talking to banks about refinancing.
"Our goal remains to achieve a participation of more than 51 percent in the year," said Marchionne. Chrysler IPO could start at this point.
Marchionne Fiat had other options for its stake over 51 percent continue to increase, said the Treasury an additional 8 percent stake - including the possibility, he said to acquire. Treasury has 9.2 percent of Chrysler, while the Government of Canada holds a further 2.3%.
Marchionne also said that Chrysler production likely "created by the supply chain problems earlier this month by the tsunami and the earthquake in Japan will be loaded". Chrysler has already said it has to stop because a specialized pigment is produced in Japan not available, the orders for certain colors and Marchionne said, deployment of electronic components for Chrysler has slowed down.
"It likely negative effects on production, in particular in the United States", said Marchionne. He will not be models or appreciate otherwise possible production delays.
"It is an evolving scenario." ... What we want is a dislocation of anywhere one to three weeks, "Marchionne said."
Fiat European and Brazilian companies apparently not be affected, he said.
Katie Hepler, a spokeswoman Chrysler at the headquarters in Auburn Hills, Michigan, would not possible U.S. production cuts Wednesday comment.
Marchionne said shareholders earlier that could potentially generate the two automakers billions combined revenues of euro100 ($141 billion) up to 2014.
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