Fiat chief executive Sergio Marchionne said the success of General Motors’ IPO, potentially the largest US offering ever, augured well for Chrysler’s forthcoming share sale.
Chrysler, which is 20% owned by Fiat, is targeting a public offering of shares in the second half of next year.
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The US carmaker was on the brink of liquidation in 2009 before a US government-funded bankruptcy cut operating costs and gave majority ownership to a union-affiliated trust fund and management control to Fiat.
Marchionne said Chrysler is in exploratory talks with a number of financial institutions to try a find a permanent capital structure for the company, which continues to struggle with high interest rate payments on its debt.
