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Sergio Marchionne, chief executive of Fiat and Chrysler, at the North American International Auto Show at the Cobo Center in Detroit, Jan. 14, 2013.
Sergio Marchionne, chief executive of Fiat and Chrysler, at the North American International Auto Show at the Cobo Center in Detroit, Jan. 14, 2013.
(Fabrizio Costantini/NYT)

Chrysler IPO may never happen – if Marchionne gets his way

Sergio Marchionne, the Italian-Canadian CEO of both Fiat SpA and Chrysler Group LLC, has unfinished business as the year winds down.

The biggie is Chrysler’s initial public offering. It was supposed to have landed Chrysler on the stock market by now, but was delayed for reasons that were never made clear, though Mr. Marchionne’s grumpiness can probably take the blame. Mr. Marchionne hates the IPO and, if he gets his way, it will remain unfinished business.