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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