Chrysler files to start reporting financial data again

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Chrysler Group filed a registration statement Friday to begin reporting its financial data to the Securities and Exchange Commission.

Although the automaker said the filing ‘was unrelated to any potential initial public offering’ or relisting of its stock, the move is clearly the first step in that direction. Companies that plan offerings have to report to the SEC.

Chrysler Chief Executive Sergio Marchionne told The Times earlier this year that he hopes to take the company public. Chrysler is still recovering from its 2009 bankruptcy and restructuring but has narrowed its losses and is expected to become profitable sometime this year.

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Exploding airbags! Ford will recall F-150 trucks.

--Jerry Hirsch

Twitter.com/LATimesJerry