Fiat Chrysler agreed to pay $110 million to resolve shareholder claims that the automaker misled investors about diesel admissions and its failure to comply with U.S. regulations, according to a court filing in Manhattan.
Tag: FCA
Fiat Chrysler to pay $110M to settle investor lawsuit
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FCA and Tesla agree deal to beat EU emissions regulations
Fiat Chrysler Automobiles has agreed a deal with Tesla to help avoid paying fines for exceeding new European Union emissions limits. FCA, whose brands include Alfa Romeo, Fiat, Jeep and Maserati, will pay for the right to count Tesla’s electric vehicles as part of its fleet, under an ‘open pool’ option allowed by EU regulations.… Continue reading FCA and Tesla agree deal to beat EU emissions regulations
FCA, new redundancy fund for white-collar workers: stop on 10, 17 and 24 May
New redundancy fund, in the FCA world. The suspension of work activities on 10th, 17th and 24th May has been made official with the redundancy fund’s intervention with the motivation of the temporary contraction of activities for 5,862 workers in Central Structures (5,094 are employed), for the 538 workers and employees of the purchasing entity… Continue reading FCA, new redundancy fund for white-collar workers: stop on 10, 17 and 24 May
Fiat Chrysler to pay $110 million to settle U.S. investor suit
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to… Continue reading Fiat Chrysler to pay $110 million to settle U.S. investor suit
Chapelhouse acquires three dealerships from Bolton Car Company
Chapelhouse Motor Group has completed the acquisition of three motor retail sites from Bolton Car Company for an undisclosed sum. Taking its number of sites to nine, £58.7 million (2018) turnover Chapelhouse has taken on BCC’s Suzuki franchises in Bolton and Blackburn and its Citroen franchise in Wigan. Chapelhouse Group operations director, Chris Layton, said:… Continue reading Chapelhouse acquires three dealerships from Bolton Car Company
Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July… Continue reading Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
UPDATE 2-Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July… Continue reading UPDATE 2-Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
Fiat Chrysler pools fleet with Tesla to avoid EU fines
Tough new targets for average CO2 output from cars will be introduced next year Go to Source
FCA settles suit over claims of phony auto sales
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