Mexican Media Brands
FCA Agrees to Settle Investor Lawsuit over Diesels, Recalls
Fiat Chrysler Automobiles NV has agreed to pay certain shareholders $110 million to settle claims that the company misled them about recall costs and its problems with diesel emissions.
#legal #regulations
Share
Fiat Chrysler Automobiles NV has agreed to pay certain shareholders $110 million to settle claims that the company misled them about recall costs and its problems with diesel emissions.
FCA “vigorously” denies any wrongdoing in the class action lawsuit, which was filed in a federal court in New York City four years ago. The agreement, which awaits approval by a federal judge, applies to investors who purchased shares in FCA between October 2014 and May 2017.
The plaintiffs assert that news about FCA’s missteps in handling multiple recalls, and the company’s protracted battle over emissions tests for its diesels, caused investors to lose money.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
