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Chrysler Group CEO: No IPO in 2012

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  • Description

    Chrysler Group CEO Sergio Marchionne on the company’s outlook and when it would consider an IPO.

  • Duration 3:01
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Listen Chrysler group the CEO's sit -- -- unique.

Has -- to celebrate as the auto makers new compact dobbs dot finally rolling off the -- but -- -- rolling off the assembly lines Jeff Flock is of the mountain.

Belvedere Illinois -- -- -- -- was out of hand to talk about what's next for the auto maker Jeff.

-- -- -- -- Belvedere.

Old daughter feels like I'm in our game here but Chrysler's been -- a -- a good news lately -- is that's the Dodge -- that he can't.

Rate 36 years ago it stopped being made now it's -- first true collaboration between Chrysler and beyond.

As -- -- Marchionne was in a pretty good mood.

I am joined by a man who sometimes makes Mark Zuckerberg look like a fashion -- -- the -- most important question for you today sir is did you by any FaceBook stop.

I've never rhetoric from -- -- -- or before but the -- Priority -- and you know I joke about FaceBook but I take it -- on FaceBook.

I don't know you don't even note.

It's another tool used is this -- you any further.

Consideration to an IPO for price the answers.

No not today and I'm not sure that the IPO in them by itself -- there -- Are you ruling it out this year Tony 12 o'clock yes Tony thirteen still possible worlds there reported well without some people have -- worried.

That previous owners of this company.

Have taken the profits and run.

What assurance do you house.

Now that you're not making a lot of money in Europe you are making some money in the US that somehow this scenario doesn't yet repeat again.

Well look let's be clear about.

-- in the money and -- everybody who runs a multinational.

-- its operations from its collective cash -- General Motors today funds.

Europe out of the US foreign funds Europe.

-- we all lose.

That is the distinguishing trait in the case of drivers only where we refinance.

Are -- in the exactly a year ago today for -- -- Is that we entered into a city officers over here agreements which effectively -- walled -- -- -- reserves.

They cannot go anywhere.

Unless we distribute profits from upstream where everybody there -- government do so the -- here.

Good to know to what effect this morning was -- it's still there excellent.

One final no and I -- -- quote of the day Marchionne says we all need to stop fiction.

That's a quote from him now he says we're talking down the economy too much this country since nausea bad economy -- Europe.

I -- by comparison we're doing okay right Jeff Flock thank you for ten -- of pulling -- -- -- and sat down on the list them you know instead.

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