Chrysler has revealed the details of a new share sale being undertaken by the carmaker.
It was announced by the firm that it will be will be launching an initial public offering due to the fact that two biggest stakeholders are unable to agree on the terms of a merger.
Fiat wants to acquire the 41.5 per cent stake of Chrysler that is currently in the hands of a healthcare trust, but no deal has yet been struck.
Richard Hilgert, a Morningstar analyst who watches both Fiat and Chrysler, said: "This is just the negotiating dance that they have to go through to come to an agreement."
The initial public offering will therefore not go ahead as long as Fiat can come to an arrangement with the United Auto Workers health care trust over its shares in the manufacturer.
Fiat's share price is slightly up in the early moments of trading this morning (September 24th). At 08:39 BST, its stocks were trading 0.16 per cent up on the opening of the session.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.