2004 Chrysler Sebring Lxi on 2040-cars

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Chrysler IPO to be filed as early as this week

An initial public offering for the Chrysler Group could happen this week, following Sergio Marchionne's comments to Financial Times in London, according to a report from The Detroit News. Fiat, which owns 58.5 percent of Chrysler, has been in a battle with the UAW retiree healthcare trust over its minority stake in the company. While the automotive union recognizes its role as a temporary shareholder, the two couldn't come to an agreement on how the shares should be priced.
As Marchionne explained to FT, a Chrysler IPO allows the market, rather than the two competing sides, to determine the value of the shares. The public offering is a risky move, which could potentially hang one side out to dry - if the shares go high, it's bad news for Fiat, but if they go low, the UAW stands to lose. Regardless of where the stock prices go in an IPO, though, it's a move that's being supported by analysts, who are quick to cite Chrysler's near-constant growth and a product lineup that is getting healthier with each new introduction.

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA

2023 Chrysler 300C Final Drive: Saying goodbye to an American great

DETROIT — ItÂ’s easy to dismiss the Chrysler 300 as an automotive has-been. A relic of another time. A once-powerful, now-dusty piece of history relegated to another era — and the taxi fleet. A weathered 300 is ubiquitous in this area, and the car has disappeared from non-domestic-leaning parts of the country, long overshadowed by the brasher, more powerful Dodge Charger and Challenger. ThatÂ’s also a short-sighted view. When a car is on its way out, its long-standing supporters cling to sepia-toned memories while everyone else has already moved on. In this case, the 300 is going out right. In style. At full power. After a few years of slow sales and solid yet unspectacular power, Chrysler restored the 300C to the lineup, complete with the 6.4-liter V8 and its 485 horses.  IÂ’m testing one of just 2,000 300C models that will be produced for the 2023 model year. After that, the 300 as we know it is done. The entire run (plus 200 for Canada) solid out in 12 hours, so IÂ’m cognizant IÂ’m driving something significant this week. As a refresher, this isnÂ’t the 5.7-liter V8 with a respectable 363 ponies available on the 300S Touring. This is the 392-cubic-inch hooligan offered in the Dodge Scat Packs. ItÂ’s worthy of the “C” — signifying performance — that 300 models have worn since 1955.  The 6.4-liter rumbles and has a deep echo. ThereÂ’s bass to it and a sense of menace. ItÂ’s not that common to drive naturally aspirated V8s these days, even in large sedans, and it makes a difference. Sixty miles per hour comes on in 4.3 seconds. The 300C still has its fastball. The 6.2-liter supercharged V8 in the Hellcat Dodges is loud and then howls. The 6.4-liter simmers angrily and then barks. Reports say Stellantis simply didnÂ’t have enough Hellcat engines to go around to further boost the 300, but IÂ’ve long felt the NA 392 is a more visceral experience. It certainly feels right in the 300C. It also hews closer to history: The original 300C SRT-8 ran a naturally aspirated 6.1-liter. “The performance factor of the car was always there,” Stellantis design chief Ralph Gilles said. It reminds me of the scene in “Gladiator” when Maximus (Russell Crowe) emerges from a fight at the Colosseum. Bloodied and dirty, the crowd and the Centurians guarding him realize this isnÂ’t a random fighter thrust out for the entertainment of the crowd. Unmasked, heÂ’s revealed to be one of RomeÂ’s great generals. With this engine, the 300C no longer feels dusty.