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Chrysler Headed for an IPO
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• A trust controlled by the United Auto Workers is steering Chrysler toward an IPO. The move forces the hand of Fiat, which owns most of the carmaker and has been trying to buy the rest from the trust, which benefits Chrysler retirees. Though Chrysler’s sales continue to accelerate almost five years after filing for bankruptcy, the two owners have failed for months to hammer out a deal.