American carmakers Hard work pays dividends Nov 2nd 2013, 8:35 by P.E. | DETROIT Sergio Marchionne, the chief executive of Fiat and Chrysler, did a hand-brake U-turn this week when he told reporters on October 30th that Chrysler’s IPO would go ahead, probably by the end of the year. The notion of floating Chrysler, in which Fiat has amassed a 58.5% stake, has been abhorrent ..