Car Moon

Italian carmaker Fiat may increase its stake in the Chrysler LLC group from 20 per cent it owns today to 51 per cent before an initial public offering (IPO) by the U.S. automaker, the firm's chief executive officer, Sergio Marchionne, told reporters at the Milan stock exchange today after the first listing of Fiat Industrial, which includes the group's non-automotive related assets.

“I think it is possible, don’t know whether it is likely, but it is possible that we go over the 50 percent if Chrysler decides to go to the market in 2011,” said Mr. Marchionne. "There will be an advantage if that happens."