Chrysler Reports Q1 Loss on Fiat Merger Costs

Newswire

DETROIT, May 12 (Reuters) - U.S.-based automaker Chrysler Group LLC, a unit of Italian carmaker Fiat SpA, on Monday reported a first-quarter net loss of $690 million because of charges related to the merger of the two companies. Chrysler took a $504 million non-cash charge on payments to retire a note linked to a healthcare trust that until January was the company's minority owner, and a $672 million charge for payments to the trust, which is linked to the United Auto Workers union in ...

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