No IPO for Chrysler in 2013

Chrysler will not go public this year, according to its majority owner, Fiat.

Fiat said Monday that it had concluded that an initial public offering (IPO) this year just wasn't feasible, and that Chrysler might try for an IPO in the first quarter of 2014, media reports said. 

Chrysler's push toward an IPO came after Fiat's efforts to buy a significant chunk of the company from a United Auto Workers trust hit some snags, The New York Times reports.