Thursday, March 28, 2024

Fiat Chrysler’s US Division fined $ 300 million for completing emissions investigation | Corporate News

Date:

Judicial documents showed the U.S. Division Fiat Chrysler Automotive Group According to Reuters, he pleaded guilty to a criminal conspiracy and will pay $ 300 million in contracts with prosecutors to end years of U.S. judicial fraud investigations, Reuters reported.

Under the deal, the US division of the group, which is currently part of the Stylantis Group, will pay that large sum of money as a criminal penalty for its efforts to avoid the emissions requirements of 100,000 RAM light trucks and Jeep SUVs in the United States.

“The U.S. division of Fiat Chrysler Automobiles has been involved for many years in a program to mislead regulators and customers in the United States,” said Assistant Attorney General Kenneth Poulet. Management and timely handling.

U.S. District Attorney Nancy Edmunds in Detroit set July 18 as the sentencing date, and the settlement includes a $ 203.6 million fine and a $ 96.1 million fine.

The government said the U.S. unit of Fiat Chrysler Automobiles had previously paid more than $ 311 million in civil fines and more than $ 183 million in damages to more than 63,000 people in a glass-action case involving diesel emissions.

The US unit will be monitored for three years, and the vehicle manufacturer will be required to conduct a preliminary review of compliance with its clean air law and inspection and testing procedures, and to prepare and report at least two reviews and two follow-up reports.

The U.S. Department of Justice says Fiat Chrysler’s U.S. division has developed software designed to help fraudulent diesel vehicles meet the required emission standards, in addition to regulatory inspections.

See also  The rise in oil prices is their profit .. US crude oil jumped to $ 5

“The company deliberately damaged emissions control systems to create low emissions during federal testing procedures and then under normal driving conditions,” the department added.

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

iGym and the Youth Gym Culture in Dubai

In the dynamic city of Dubai, a new trend...

The Future of Gambling in the UAE: Economic, Legal, and Social Dimensions

The United Arab Emirates (UAE) is on the brink...

Comparing the Best Trading Platforms in the UAE: Features and Benefits

Trading commodities, currency pairs, ETFs, and other investment vehicles...

Evgenia Timofeenko: What does it mean to be an investor in the hotel business?

Investors are always interested in finding effective objects for...