UPDATE 2-Fiat CEO sees 50 pct chance of Chrysler IPO, prefers buyout

Newswire

By Bernie Woodall KOKOMO, Indiana, Feb 28 (Reuters) - Sergio Marchionne, the chief executive of both Fiat and its majority-owned Chrysler Group LLC unit, said he sees a 50 percent chance that Chrysler will go public but would prefer that it be fully merged with Fiat. Fiat shares ownership in the smallest U.S. automaker with a retiree trust fund affiliated with the United Auto Workers labor union. Marchionne said he would prefer that Italian automaker Fiat buy the trust fund's ...

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