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Fiat Chrysler US swings to 1Q profit on big tax gain
Associated Press ^ | May 7, 2015 3:06 PM EDT

Posted on 05/07/2015 12:18:01 PM PDT by Olog-hai

Fiat Chrysler Automobiles U.S., formerly Chrysler Group, posted a $2.58 billion first-quarter net profit that was boosted by a one-time change in its tax status.

The company, now part of Fiat Chrysler Automobiles N.V., gained $2.3 billion from the tax change. It lost $690 million a year ago due largely to payment of debts to a union health care trust. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Travel
KEYWORDS: fiatchrysler; fixitagaintony; taxstatus

1 posted on 05/07/2015 12:18:01 PM PDT by Olog-hai
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