Chrysler IPO Said Delayed to 2014 Over Tax Confusion in U.S.

Chrysler Group LLC’s initial public offering was delayed after the automaker wasn’t able to resolve a routine tax issue quickly enough to complete the sale this year, three people with knowledge of the matter said.

Chrysler needs a letter from the U.S. Internal Revenue Service to clarify tax liabilities after the IPO and didn’t want to proceed without it, said the people, who asked not to be identified because the matter is private. An offering of union-held shares may be held in the first quarter, said Fiat, which owns 58.5 percent of the third-largest U.S. automaker.