TURIN, Italy -- Fiat S.p.A. and Chrysler Group CEO Sergio Marchionne said that the U.S. automaker could be listed on a stock exchange about 30 months from now.
"The true value of Chrysler could emerge when the company would be listed, but this will take a while -- not sooner than 2½ years," Marchionne said on the sidelines of a book presentation here.
Replying to analyst questions during a conference call today, Marchionne said "it would be improper" to say -- the week before the company's first board meeting -- when Chrysler could return to a profit.
Chrysler's seven new board members will gather Monday and Tuesday in Auburn Hills, Mich., for a two-day full immersion to become familiar with the company's structure, people and products.
The formal board meeting will take place July 29.
Marchionne said Chrysler will generate "healthy profit margins" when the U.S. market returns to 13 million to 14 million sales a year, but he does not foresee such volume in 2010.
Marchionne acknowledged that serving as CEO of both Fiat and Chrysler has a "devastating effect on my working hours," but he reiterated he will continue spending "slightly less than half" of his time in the United States.