TOLEDO, Ohio - Fiat purchase by the US Government property at Chrysler Group LLC solves a thorny political issue. Another is available: where the combined company are based.
Work is already underway, the two in a car manufacturer. Fiat SpA is Italy's biggest employer and a source of national pride, but it would be problematic for Chrysler, after saved by U.S. taxpayers to a foreign country to shift.
"It's hard to call," said Sergio Marchionne, CEO of both companies. "Access to financing is probably the most important."
Marchionne addressed the company's future Friday after President Barack Obama a Chrysler assembly plant toured, which makes it the Jeep Wrangler. Obama came to celebrate the resurgence of the US automotive industry and Chrysler's announcement that it its repay its Government loans is the work in the politically important State of Ohio.
"What you done confirmed my faith," said Obama a group of auto workers. "Today are a profit, all three automakers turn."
Marchionne also said that he has any plans, the automaker take public until at least next year. He believes Chrysler needed more time to prove themselves. Its first quarterly profit since 2006 deserves the automaker $116 million from January to March.
He said "My good no no earlier than 2012 suggests,".
He had previously hinted that an IPO could happen by the end of this year.
Chrysler said last week, there will be connections to the US Government in the next three months, the Treasury as Fiat buys 6 percent of Chrysler for $500 million. The business is Fiat 52 percent of the automaker, give a majority in only two years after it agreed Chrysler after his bankruptcy manage.
He is currently with Canadian 1.7 per cent stake in Chrysler officials talks about the purchase of this country. He said they "not Treasury go to a better deal than I get offered."
Marchionne said he was pleased that the automaker held U.S. money to pay his word from the, which borrowed it two years ago. "It shows that we comply with our obligations," he said.
Removing the Government hand in possession at the end the hard feelings by the bailout generated should help, he said. Some consumers swore, stop to buy Chrysler and GM models because of the involvement of the Government.
"I hope, does not include what it does, but I'm moving market share," Marchionne said.
He would not say when a decision would be made to the new company location.
"It will be really, where we realize the funds to the capital have driven," he said. "We have here a very good experience in the United States... an efficient capital market had gone (while) Europe has a long way in creating."
He expects to announce how he will merge Fiat and Chrysler by the end of the year. But he would guess not possible names.
Marchionne said he upset Friday was, see characters to the system with the name of DaimlerChrysler, the German automaker, owned the company for a decade.
"Before we talk about the combination of name, let us get rid of the old," he said.
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