Chrysler’s future in question as owners battle it out
30/09/2013
Fiat, which owns nearly 60%, has been trying to take full control of the US company but the trust demanded the listing after talks failed to agree on a buyout deal.
Information in the stock market listing document has raised questions about Fiat's commitment to its Chrysler alliance.
Fiat is “critical for us to compete with our larger and better-funded competitors,”said Chrysler in the document, but then added, “Fiat has informed us that it is reconsidering the benefits and costs of further expanding its relationship with us and the terms on which Fiat would continue the sharing of technology, vehicle architectures and platforms, distribution networks, production facilities and engineering and management resources.”
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