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Expenses from Fiat merger topple Chrysler into first-quarter loss
Expenses from Fiat merger topple Chrysler into first-quarter loss

Expenses associated with Chrysler Group’s merger with Fiat dragged the U.S. automaker into a loss in the first quarter. Chrysler said Monday that it lost $690 million in the period compared with a profit of $166 million in the same quarter a year earlier. The loss included a $672 million charge related to a component of a $4.35 billion transaction reached in January through which Italian automaker Fiat took full control of Chrysler by buying out the shares held by a United Auto Workers union-controlled trust fund. The loss also included an additional $504 million incurred from the early retirement of borrowings from the union trust. The charges result from a deal between the...

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