SAN FRANCISCO -- Chrysler Group and Fiat Auto could become one company that could be based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday.
That won't happen until after Chrysler refinances the U.S. government loans that have kept it from being profitable and until there is an initial public stock offering. Marchionne hopes both those things will happen this year.
“Who knows? In the next two or three years, we could be looking at one entity. It could be based here,” said Marchionne, speaking at the J.D. Power and Associates International Automotive Roundtable.
Marchionne said the companies are considering a number of “alternatives and scenarios. First we need to integrate them operationally and then look at governance.”
Since Chrysler emerged from bankruptcy on June 10, 2009, under the control of Fiat, it has worked feverishly to revamp its product portfolio. Sixteen new or revamped products are coming to market in 2011.