UPDATE 1-Chrysler IPO will "probably" be in 2011 -CEO

Newswire

* CEO says '10 likely a better year than had forecast * Expects to get clearance for U.S. DOE loans in Q3 TORONTO, May 20 (Reuters) - Chrysler will "probably" launch its public offering will in 2011 and expects that 2010 will be a better year than it originally had forecast, the company's Chief Executive Sergio Marchionne said on Thursday. Marchionne, speaking to reporters in Toronto, also said that he expects Chrysler to get clearance for U.S. Department of Energy Loans in the third ...

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