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Omaha Steve

(109,922 posts) Mon May 12, 2014, 10:40 AM May 2014

Chrysler reports $690 million first quarter loss [View all]

Source: AP-EXCITE

DETROIT (AP) — Chrysler Group lost $690 million in the first quarter due to charges related to its merger with Italian automaker Fiat SpA.

Fiat paid $3.65 billion to acquire Chrysler's remaining shares in January. As part of the deal, Chrysler agreed to pay $700 million to upgrade its factories.

Chrysler took a $672 million charge in the first quarter to meet those commitments. It also booked a $540 million non-cash loss to extinguish debt.

FULL story at link.

Read more: http://apnews.excite.com/article/20140512/earns-chrysler-4df72d98e3.html

In this March 14, 2014 photo, an assembly line worker builds a 2015 Chrysler 200 automobile at the Sterling Heights Assembly Plant in Sterling Heights, Mich. Chrysler Group LLC reports quarterly earnings on Monday, May 12, 2014. (AP Photo/Paul Sancya)

29 replies

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Chrysler reports $690 million first quarter loss [View all] Omaha Steve May 2014 OP

For a while I've been asking... TreasonousBastard May 2014 #1

"Fix It Again Tony!" ;-) Spitfire of ATJ May 2014 #2

Fiat has actually come a long way in the SEVERAL decades since that was a saying TroglodyteScholar May 2014 #4

I had an X-19 back when they got more mileage going up on the lift than horizontally. Spitfire of ATJ May 2014 #5

I had an 850 Spider that was... TreasonousBastard May 2014 #11

I was impressed with the shifting, considering it was through linkage to a rear engine. Spitfire of ATJ May 2014 #20

Me too-- much better than VW... TreasonousBastard May 2014 #23

That's a LOT further than the 10 blocks I got. Spitfire of ATJ May 2014 #29

I'm think about getting a 500 as a commuter car snooper2 May 2014 #10

Ya know, I don't understand. We have a 2005 ballyhoo May 2014 #3

It's part of a merger deal. $700 million to upgrade their factories.... Spitfire of ATJ May 2014 #7

Roger that. ballyhoo May 2014 #17

you would rather drive a disposable Sebring than a CLK 320 LOL snooper2 May 2014 #9

Absolutely. And I do the work ballyhoo May 2014 #15

Huh? The 200 looks like a worthy update to the Sebring... TreasonousBastard May 2014 #12

No. I looked at them. Not the ballyhoo May 2014 #13

When Daimler owned Chrysler edhopper May 2014 #14

Take some outside calipers and ballyhoo May 2014 #16

Is that your way of saying edhopper May 2014 #18

That would be nice. Yes, pretty ballyhoo May 2014 #19

I guess if i end up on St Johns edhopper May 2014 #22

So if I want a Dodge Caravan, I might be better off to buy used? woodsprite May 2014 #21

Yes. In many ways: Style, Comfort, Durability, ballyhoo May 2014 #27

Considering the price depreciation of new cars edhopper May 2014 #28

Our 1999 Intrepid was a POS! Omaha Steve May 2014 #25

I don't see this as bad news....... Swede Atlanta May 2014 #6

You have to look at operating income $486MM vs. $166 ly taught_me_patience May 2014 #8

They knew this was going to happen liberal N proud May 2014 #24

I've had some...ummm...lets say Disappointing experiences with Chrysler wercal May 2014 #26