Memo to Fiat on Chrysler listing: Drop it!

September 16, 2013

The Italian carmaker’s full takeover of its U.S. subsidiary is delayed by an unnecessary quarrel about its valuation. That may end with a temporary listing of a 16.6 pct stake of Chrysler. There are easier and faster ways to assess the company. Fiat should use them.

Chrysler IPO delay edges Fiat into driver’s seat

November 25, 2013

The union fund that owns 42 pct of the Detroit automaker needs an $18 bln total valuation to make a public listing worthwhile. Recent price talk has been considerably lower. Pushing the stock sale into next year suggests majority owner Fiat is in a better negotiating position.

Chrysler deal gives Fiat a new year’s turbo boost

January 2, 2014

Boss Sergio Marchionne comes out on top in the $4.3 bln pact with the union trust fund for the rest of the carmaker’s shares. It ends a messy dispute, avoids an IPO, doesn’t overtax the Italian firm’s finances and gives Marchionne more resources to get Fiat driving forward.