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Chrysler 1Q profit falls 65 pct. as shipments drop

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DETROIT (AP) — Three Chrysler factories were slow to switch from old models to new ones, and that helped dramatically reduce the company's first-quarter profit. The Auburn Hills, Mich., automaker said Tuesday that its net profit fell 65 percent from January through March, mainly because production didn't keep pace with sales. Chrysler freshened up the Jeep Grand Cherokee large SUV and its Ram...

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