Chrysler CEO says company will IPO in 2011
Chrysler CEO Sergio Marchionne24 Day said, “pay close attention to GM’s market, but only until the initial public offering in 2011. I need a full year after the general public offering of financial data, and depends on Common stock issued in the speed and success. ”
GM is expected next month to disclose the information listed as the first step in the stock sale to investors. This will reduce the U.S. government holds a 60.8% common stock.
Chrysler is expected to announce on August 9 the second quarter pre-tax profit. The company change the product model, the Jeep began in 2011, the next 18 months will also introduce the redesign and upgrade dozens of models.
Marchionne attended an event organized by the Chrysler Museum, the former Chrysler CEO Lee Iacocca, the legendary NASCAR driver Richard Petty, night talk show host Jay Leno and Chrysler 50 to 60 years of design director – Virgil Exner late presentation.
Marchionne and Ford Motor CEO Alan Mulally, President of United Auto Workers union with BOB KING expressed gratitude to the winners. He Mulally and Ford’s 2.6 billion second-quarter profit and strong sales of endless praise.
Marchionne also said GM 35 billion purchase AmeriCredit, Chrysler on the good news, because it would allow financial services company General Motors, Chrysler dealers and customers to increase the car financing business.
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