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.
Fool contributor John Rosevear has no position in any stocks mentioned. Follow him on Twitter at @jrosevear. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.