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Fiat Chrysler's US unit to pay $300m fine after pleading guilty to 'dieselgate' conspiracy

Fiat Chrysler's US unit has pleaded guilty and agreed to pay $300 million in penalties in the long-running case over the automakers efforts to cheat diesel emissions tests, the US Justice Department announced on Friday.

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The European carmaker was accused of installing "defeat devices" on cars to evade emissions standards and in January 2019 agreed to a $515m US civil settlement.


BUSINESS, FIAT, CARS, TRANSPORT

FCA has now admitted guilt to one criminal felony count of conspiracy to defraud the US, commit wire fraud and violate the Clean Air Act, according to the Justice Department statement.

"FCA US engaged in a multi-year scheme to mislead US regulators and customers," assistant attorney general Kenneth Polite Jr said.


"The guilty plea demonstrates the department's dedication to prosecuting all types of corporate malfeasance and holding accountable companies that seek to place profits above candour, good corporate governance, and timely remediation."


Read More : https://www.thenationalnews.com/business/2022/06/04/fiat-chryslers-us-unit-to-pay-300m-fine-after-pleading-guilty-to-dieselgate-conspiracy/

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