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Chrysler reports 4Q loss at $199M

Chrysler Group LLC, the automaker managed by Fiat SpA, reported a $199 million net loss for the fourth quarter Monday and it expects to be profitable this year, when it plans to go public.

Chrysler, which emerged from a U.S. government-funded bankruptcy in mid-2009, reported fourth-quarter revenue of $10.76 billion, a slight drop from the third quarter due to fewer fleet sales. Get the full story »