Recent Chrysler products like the overhauled Dodge Charger have impressed critics -- and generated good sales and profits. Photo credit: Chrysler
Chrysler made news earlier this week when it announced that it had filed a registration statement, the first step toward an initial public offering of Chrysler stock. That got investors' attention: Ford (F +3.54%) and General Motors (GM +4.11%) stocks have both performed very well lately. Could Chrysler stock be another good buy as Detroit's revival continues?
Unfortunately for eager investors, the story is more complicated than that. Chrysler's IPO filing is the latest move in a long-running dispute between Italian automaker Fiat (NASDAQOTH: FIATY), which controls Chrysler, and a UAW trust that holds a big chunk of Chrysler's stock.
In fact, the IPO might never happen. In this video, John Rosevear gives you the whole story -- as well as his take on whether Chrysler stock will be a buy if and when it does hit the market.
