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Chrysler to take $130 million charge in first quarter due to Venezuela

A change in the way it measures currency in HID XENON KITS Venezuela will cause Fiat Chrysler Automobile’s (FIA.MI) Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said on Friday in a filing with U.S. regulators.

The uncertainty over the exchange rate in Venezuela also may have an impact on Chrysler’s business in future quarters in the country, XENON  HEADLIGHT the company said in its filing.

Earlier this month, General Motors Co (GM.N) said it would take a $400 million charge in the first quarter linked to Venezuelan currency re-measuring, XENON BULBS and Ford Motor Co (F.N) said it would take a $350 million charge.

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