Stellantis unit pleads guilty, will pay US$300 million in US diesel probe

The U.S. business of Fiat Chrysler Automobiles pleaded guilty to criminal conspiracy on Friday and will pay about US$300 million in a plea agreement to resolve a multi-year US Justice Department diesel emissions fraud probe, court documents show.

U.S. District Judge Nancy Edmunds in Detroit set a July 18 sentencing date. The settlement includes a US$203.6 million forfeiture penalty and a US$96.1 million fine. The government noted FCA US previously paid a US$311 million civil penalty and paid over US$183 million in compensation to over 63,000 people as part of a class-action diesel lawsuit.

The guilty plea represents the final significant action U.S. officials are expected to take against FCA in the emissions fraud matter.

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Stellantis unit pleads guilty in US diesel emissions probeThe U.S. business of Fiat Chrysler Automobiles pleaded guilty to criminal conspiracy on Friday in U.S. District Court in Detroit in a plea agreement to resolve a multi-year Justice Department diesel emissions fraud probe, a court spokesman said.FCA US LLC, now part of Stellantis, will pay about $300 milli
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stellantis unit pleads guilty, will pay $300M in US diesel probe:The U.S. business of Fiat Chrysler Automobiles pleaded guilty to criminal conspiracy on Friday and will pay about $300 million in a plea agreement to resolve a multi-year U.S. Justice Department diesel emissions fraud probe, court documents show. FCA US LLC, now part of Stellantis, will pay about $300 milli
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »