Fiat & Chrysler CEO Sergio Marchionne

Fiat & Chrysler CEO Sergio Marchionne

Alessia Pierdomenico/Bloomberg

Sergio Marchionne, chief executive officer of Fiat SpA and Chrysler Group LLC, said last week that he doesn’t need a deal with the trust and is prepared to buy the Chrysler shares after a market price is set through the initial public offering, which could take place by the first quarter of 2014.