Marchionne Touts Fiat-Chrysler Turnaround to Investors

CEO Sergio Marchionne is touting Chrysler's post-bankruptcy revival to would-be investors as the merged Fiat Chrysler Automobiles NV prepares to begin trading on the New York Stock Exchange in October.

"We were the poor kids, Cinderella at the ball," Marchionne tells Bloomberg New. He says Americans like the fact that Chrysler repaid the $11.2 billion balance on its government bailout loans in 2011.

Marchionne says Fiat hopes to sell about $820 million in holdings to American investors ahead of the New York listing. The sale would include a 3.5% treasury holding and 2.5% stake in CNH Industrial NV, the truck and farm machinery company created last year when Fiat Industrial and Case New Holland were merged.