Chrysler reveals share sale

<p>A new share sale has been detailed by Chrysler.</p>

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.

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