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SEARCHFiat has announced that it will not follow through with its plan to launch an initial public offering (IPO) for Chrysler by the end of the year.
Fiat has announced that it will not follow through with its plan to launch an initial public offering (IPO) for Chrysler by the end of the year, Forbes reports.
According to the media outlet, Fiat cites a disagreement on pricing as the reason behind the delay, saying the originally planned IPO schedule is "not practicable."
The pricing dispute falls between Fiat, which owns 58.5 percent of Chrysler, and a healthcare trust that reportedly owns 41.5 percent of the manufacturer.
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