The Traderszone Network

Published in TZ Latest News 19 May, 2015 by The TZ Newswire Staff

Fiat Chrysler boss says tougher U.S. safety stance will raise costs

U.S. vehicle safety regulators’ tougher posture toward automakers is a “new phase” in the government’s relations with the industry and will likely mean higher costs, Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said Tuesday. “We’re beginning to live through a new phase of regulation in the United States,” Marchionne told reporters after the head of the U.S. National Highway Traffic Safety Administration criticized Fiat Chrysler’s (FCHA.MI) handling of recalls.

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