Fiat Chrysler US 3Q profit falls 89 percent on recall costs

DETROIT (AP) — Net income at Fiat Chrysler's U.S. operations fell 89 percent in the third quarter as the company set aside millions to pay for future safety recalls.

Fiat Chrysler US posted just over $1 billion in one-time pretax charges, including $848 million for recalls and $159 million for vehicles damaged in a Chinese port explosion last August.