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 (NYSE:F) and General Motors (NYSE:GM) 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.

Fool contributor John Rosevear owns shares of Ford and General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. 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.