I think Fiat is absolutely right in what they say. Be interesting to
see what our POS president has to say about this one.
Fiat Chief Executive Officer Sergio Marchionne said the Italian carmaker
won't risk a credit-rating downgrade to gain full ownership of Chrysler
Group LLC. "We can't jeopardize the rating of Fiat," Marchionne told
reporters late yesterday in Gavi, Italy, at a presentation of the
Freemont sport-utility vehicle. "The easiest route" is an initial public
offering at Chrysler instead of an outright purchase of the stake Fiat
doesn't currently own.
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