Fiat Chair: Chrysler IPO Creates New Business Situation

Transportation Reuters

The listing of Chrysler creates a different business situation for the Fiat group to operate in, the chairman of the Italian automaker said on Thursday.

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"If the IPO goes ahead and there are two separately listed companies, it is certainly very different from having just one," John Elkann said, replying to a question if the alliance with Chrysler was at risk if the IPO went through.

Chrysler Group LLC was forced to file paperwork for an IPO by its second-biggest shareholder earlier this week, escalating a spat with main owner Fiat which said it could scale back its commitment to the U.S. automaker.