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Chysler looks toward IPO

AUBURN HILLS (WKZO) -- Chrysler may be taking the company public

The automaker announced Monday that it had filed a registration statement with the U.S. Securities and Exchange Commission pertaining to a proposed IPO of common shares.  There's no word yet on the number of shares that may be offered or the price range for the offering.

The proposal is for the common shares in this offering to be sold by the UAW Retiree Medical Benefits Trust with the trust receiving the net proceeds.