Mexican Media Brands
Report: FCA Near Deal to Settle Diesel Pollution Probe
Fiat Chrysler Automobiles NV is close to an agreement to end a federal investigation into whether the carmaker deliberately evaded U.S. diesel emission laws.
#legal
Share
Fiat Chrysler Automobiles NV is close to an agreement to end a federal investigation into whether the carmaker deliberately evaded U.S. diesel emission laws, sources tell Bloomberg News.
A deal may be finalized this month, according to the sources. They add that FCA also is close to announcing a settlement of civil charges related to the same issue. FCA said in October it has set aside $810 million to cover the costs of both settlements.
The U.S. Dept. of Justice has spent two years looking into claims by the Environmental Protection Agency and California Air Resources Board that FCA used illegal emission control software in 104,000 diesel-powered Jeep SUVs and Ram pickup trucks.
Bloomberg’s sources say FCA will likely be required to admit wrongdoing, pay a fine, repair the affected engines and perhaps fund an environmental remediation program.
The FCA settlement is similar in structure to the $4.3 billion deal made two years ago between the U.S. and Volkswagen AG to settle civil and criminal charges regarding that company’s diesel emission cheating.
RELATED CONTENT
-
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)
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
