
Fiat Chrysler Automobiles NV will pay $110 million to settle a lawsuit that it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations.
Fiat Chrysler Automobiles NV will pay $110 million to settle a lawsuit that it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations.
Fiat Chrysler Automobiles and a German auto supplier have agreed to settle claims and lawsuits arising from the 3.0-liter V-6 diesel engines installed in 104,000 Jeep Grand Cherokee EcoBoost and Ram 1500 EcoBoost models sold in the U.S. in the 2014 to 2016 model years.
Fiat Chrysler can begin selling diesel-powered versions of its 2017 Ram 1500 and Jeep Grand Cherokee vehicles, after receiving approval from state and federal environmental regulators.
The federal government has sued Fiat Chrysler Automobiles for using illegal engine-control software in its diesel vehicles so that they would perform differently during emissions testing than under normal driving conditions.
Fiat-Chrysler has applied for certification for its diesel-powered 2017 Ram 1500 and Jeep Grand Cherokee, and intends to modify the emissions software of current models to resolve a dispute with regulators.
The U.S. EPA has accused Fiat Chrysler of failing to disclose engine management software that increased air pollution in 104,000 diesel-powered Ram 1500 trucks and Jeep Grand Cherokee SUVs in the 2014 to 2016 model years.
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