Coming out of bankruptcy in 2009, it seemed like nobody wanted Chrysler. Detroit's No. 3 automaker lacked the strong products of Ford (NYSE: F ) or the global scale of General Motors (NYSE: GM ) , and many wondered whether it was worth saving. Italian automaker Fiat (NASDAQOTH: FIATY ) ended up with control of Chrysler -- mostly because nobody else wanted it.
Fiat CEO (and now Chrysler CEO) Sergio Marchionne has worked a minor miracle with Chrysler, as sales have been strong following an unlikely high-speed makeover of Chrysler's moribund product line. Now, Marchionne would like to fully merge Chrysler with Fiat -- but two things stand in his way: a Delaware judge and a giant trust controlled by Chrysler's old nemesis, the United Auto Workers.
Investors had been hoping to see a Chrysler IPO this year, but now the whole deal may be in question. In this video, Fool.com contributor John Rosevear outlines the latest developments -- and offers his view on when (and if) Fiat and the UAW will be able to agree on what's needed to get this deal done.
Chrysler's sales have been surging in the U.S., but they're still tiny in China. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names the two global giants poised to reap huge gains in China's booming auto market. You can read this report right now for free -- just click here for instant access.