Chrysler IPO timing depends on markets, other factors-Elkann

MILAN Thu Nov 7, 2013 12:29pm EST

MILAN Nov 7 (Reuters) - The chairman of Fiat said on Thursday the timing of the initial public offering of shares in U.S. automaker Chrysler depended on various factors, including markets performance.

"The IPO is a process that has alread started and on which (Fiat CEO Sergio) Marchionne is working hard," John Elkann said on the sidelines of an event.

"On timing I don't know... it depends on how markets go, there are also other factors," he added.