Business: Chrysler Crunch

No shine on that quarter

The harsh winter and lower than expected new-car sales early this year hurt all of Detroit's automakers, but none more than Chrysler, which once again is awash in red ink. Last week, his newly styled hair showing more gray than usual, Chairman John Riccardo announced his company's biggest first-quarter loss in its history: $119.8 million.

Chrysler had problems on just about every front. Its car deliveries dropped 6.6%, partly because of recall problems with the new Dodge Omni and Plymouth Horizon subcompacts, and competition from Ford's new Fairmont and...

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