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.
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