It ends with a plea deal and a fine of approx 700 million dollars the dieselgate investigation involving FCA and which was initiated by the US Department of Justice in May 2017.
The story began in 2016 when the EPA, the US federal agency for the protection of the environment, formally accused the Lingotto company of having installed software that allows higher than standard emissions out of 104.000 diesel cars – SUV Jeep Grand Cherokee and pickups of the Ram brand, produced between 2014 and 2016.
Il plea bargain between FCA and the Justice Department includes not admitting guilt for the automaker and clearing all EPA charges. As reported by the Reuters agency, FCA should pay 280 million in compensation to car owners, 311 in fines and at least 75 million for the pollution produced.
FCA Auto has denied the allegations on several occasions, but the American authorities after the Volkswagen scandal, which admitted that it had illegally installed software to circumvent emissions standards, have intensified checks on diesel cars. That affair resulted in Volkswagen paying out $25 billion in the United States to settle claims by car owners, regulators, states and dealerships.
In Piazza Affari, Fiat Chrysler Automobiles shares dropped by 0,4% in one session, down 1,42%.
