Rumor has it that Sergio Marchionne is planning on taking Chrysler public once again. What if the IPO fails? Well, then a chunk of the company could go to the UAW.

An IPO offer is still the number one plan in Marchionne's playbook, but there is a chance that another plan could take it's place according to The Financial Times' DealReporter.

From what we've heard, that would give 41.5 percent of the company to VEBA, which is the pension fund of the UAW. Fiat would still control the company, but this would give the UAW a pretty big voice on the board.

That's still very much a rumor, but it sounds like it's definitely a possibility.