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The Chronicle Telegram in Elyria, Ohio

24 Sep 2013

Page 18

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 24, 2013

Page

18

Chrysler weighs IPO as UAW trust drives talks

Chrysler Group filed IPO paperwork with the SEC amid a stalled price dispute with the UAW trust which owns 41.5 percent of Chrysler. Fiat and the trust value the stake at far apart sums. If IPO goes ahead the trust would receive all proceeds while Fiat eyes further stock acquisition.

MENTIONED IN THIS ARTICLE

Detroit Chrysler Group Chrysler Daimler AG Auburn Hills Fiat Spa United Auto Workers Sergio Marchionne Fiat UAW U.S. Securities and Exchange Commission Associated Press Richard Hilgert Morningstar Trust Hilgert Delaware U.S
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Moody's Lifts GM Debt to Investment Grade Status

Moody's Investors Service upgrades General Motors corporate debt from junk to Baa3 eight years after bankruptcy, while GM announces a $3.2 billion buyback of high interest preferred stock from a United Auto Workers retiree health care trust. The move lowers future borrowing costs but other agencies still rate GM junk.

MENTIONED IN THIS ARTICLE

Detroit General Motors Moody’s Investors Service Bal Fitch Standard & Poors U.S Standard and Poor Dan Akerson United Auto Workers Moody’s Health Care Trust
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