Marchionne Hoping IPO Will Benchmark Chrysler's Worth

Newswire

L'AQUILA, Italy Oct 3 (Reuters) - Fiat and Chrysler Chief Executive Sergio Marchionne said on Thursday he hopes the process of selling shares on the New York Stock exchange will give a clear valuation of Chrysler's worth. Chrysler, 58.5 percent-owned by Fiat, filed paperwork last week for a flotation of shares held by the United Auto Workers, which owns the rest of Chrysler through its retirees' healthcare trust. Fiat has offered to buy the health care trust's stake, ...

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