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Chrysler's CEO and the IPO He Doesn't Want

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Chrysler's CEO and the IPO He Doesn't Want
AIRED:
Carmaker Chrysler is filing for an IPO, potentially worth $100 million. Profits have bounced back sharply since the firm's bankruptcy in 2009. The IPO is against the wishes of Chrysler's CEO, who also runs Fiat. Fiat owns most of Chrysler, and would like to buy the rest from the UAW union. Fiat isn't willing to pay what UAW wants, so the union is forcing an IPO. While Chrysler has recovered, Fiat has been stung by the weak European car market.moreless
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