Chrysler in profit, but some investors doubt recovery power: Merrill Lynch cuts Chrysler US market share forecast

摘要

Chrysler made money for the first time since emerging from bankruptcy in June 2009, prompting comment that its money making qualities might end up bailing out its saviour Fiat. However, a report from Bank of America Merrill Lynch suggests that Chrysler, far from being in a position to help Fiat, might in fact do the opposite. Meanwhile in a filing with the US Securities and Exchange Commission, Chrysler said Fiat could raise its stake in the American company to 70 per cent because it has options for 12 months to buy some of the shares owned by the US government, the United Autoworkers Union, and the UAW's health care trust. This would mean that the expected course of action for Fiat, the acquisition of a 51 per cent stake in Chrysler followed by a public sale of the rest of the shares, might not in fact happen.