Sergio Marchionne, the CEO of Fiat-Chrysler, has said a new business plan is needed as the European automotive recovery is still a couple of years off.
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Chrysler’s lauded Pentastar engine is coming under fire for, well, not firing: Due to a manufacturing mishap, the engines can lose power and fail.
Chrysler has been looking to go public with an initial public offering as early as next month, but now it appears an IPO won't happen in 2013.