FCA challenges Italy tax agency over value of U.S. business

MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) has challenged Italy's tax authority which has said the car company had underestimated the value of its U.S. business after it bought Chrysler.On Wednesday, a source close to the matter said the Italian tax agency believed FCA had underestimated its business in the United States after its phased acquisition of Chrysler by 5.1 billion euros."We strongly disagree with this preliminary report," an FCA spokesperson said on Thursday.The tax audit..