Chrysler CEO Sergio Marchionne considers General Motors Co.'s IPO to be a “great, great precursor” for Chrysler Group’s own planned share sale. At the launch of Chrysler's flagship showroom in downtown Los Angeles, Marchionne said that GM’s IPO will let the company know what the market wants, and will give an idea with regards to pricing expectations.
Marchionne said the strong take-up for GM's IPO will not affect the timing of Chrysler's public debut, which is set for the second half of 2011.
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