Chrysler has had a rough ride since its heyday in the 1990s. A series of mergers and spinoffs starved it of cash. Its products went downhill, and the scrappy Detroit automaker spiraled into bankruptcy during the economic crisis.
But now, Chrysler is back -- with much-improved products, thanks to some quick help and surprisingly good management from Italian automaker Fiat (NASDAQOTH: FIATY ) . Now, a Chrysler IPO is in the works -- but as always with Chrysler, the story is a little complicated.
In this video, Fool.com contributor John Rosevear explains what's going on, what Fiat needs to do to gain full control of Chrysler once and for all -- and why this IPO could turn out to come with plenty of drama.
China is already the world's largest auto market -- and it's set to grow even bigger in coming years. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two global giants poised to reap big gains that could drive big rewards for investors. You can read this report right now for free -- just click here for instant access.