Marchionne says "Probably 2011" on Chrysler IPO, wants GM to go first
 

<p>Filed under: <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">Fiat</a></p><a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20100521/COPY/305219981/1317"><img width="630" vspace="4" hspace="0" height="420" border="1" align="top" alt="Sergio" src="http://www.blogcdn.com/www.autoblog.com/media/2010/05/sweaterman.jpg" /></a><br />
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Everyone is watching <a href="http://www.autoblog.com/make/gm">General Motors</a> CEO Ed Whitacre, Jr. to see what he'll be able to pull of this year with respect to his plans, including a possible IPO. Count <a href="http://www.autoblog.com/make/chrysler">Chrysler</a> CEO Sergio Marchionne among the interested. While the <a href="http://www.autoblog.com/tag/fiat+500/">Fiat 500's</a> introduction will likely result in Fiat upping its Chrysler stake to 25 percent, when it comes to a Chrysler IPO, Marchionne is thinking 2011, and he wants GM to go first, according to <em>Automotive News</em>.<br />
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Marchionne feels there's enough investor interest for both GM and Chrylser IPOs, but said, "Let him go, he's been itching to go," in reference to Whitacre wanting a GM IPO as soon as this year. Chrysler has good reason to wait. It's arguably further behind than GM in its turnaround, and whereas GM has the Volt to make a potential shareholder splash in 2010, Chrysler's product fireworks won't really start booming until next year. <br />
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For now, Chrysler <a href="http://www.autoblog.com/2010/05/10/chrysler-outperforming-internal-benchmarks-readying-ipo/">milestones are being reached ahead of schedule</a> and things in Auburn Hills are going well enough to get Marchionne to say, "May is "turning out to be a good month." A Chrysler IPO is obviously desired, but based on Marchionne's latest statements, it remains in the distance. <br />
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[Source: <a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20100521/COPY/305219981/1317">Automotive News</a> - sub req'd]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/05/23/marchionne-says-probably-2011-on-chrysler-ipo-wants-gm-to-go/">Marchionne says "Probably 2011" on Chrysler IPO, wants GM to go first</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Sun, 23 May 2010 09:32:00 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/apps/pbcs.dll/article?AID=/20100521/COPY/305219981/1317>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/05/23/marchionne-says-probably-2011-on-chrysler-ipo-wants-gm-to-go/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19487990/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/05/23/marchionne-says-probably-2011-on-chrysler-ipo-wants-gm-to-go/#comments" title="View reader comments on this entry">Comments</a>

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