Chrysler Group is likely to pursue an initial public offering of stock in “chunks” rather than one big offering and not until the second half of 2011, the company’s chief executive said Thursday.
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Demand for new cars and trucks should be better than it was a year ago. But expectations now are for lower sales than in August, itself unimpressive. That would leave autos stuck in a four-month-long rut.
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U.S. auto sales started off strong over the Labor Day holiday weekend, but have since dropped significantly, according to analysis by car-buying guide Edmunds.com.
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Officials from Chrysler Group unveiled a new midsized sedan at an event with some 1,800 dealers Tuesday in Florida as the struggling automaker continues to revamp its aging fleet of cars and trucks.
The new Chrysler 200 sedan, which replaces the slow…