The Traderszone Network

Published in TZ Latest News 9 December, 2015 by The TZ Newswire Staff

Exclusive: Fiat Chrysler to pay $70 million auto safety fine

Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) has agreed to pay $70 million in fines to resolve a U.S. investigation that it failed to disclose vehicle crash death and injury reports, people familiar with the matter told Reuters on Wednesday. The settlement is expected to be announced by the National Highway Traffic Safety Administration as early as Thursday. Fiat Chrysler in September acknowledged it had failed to disclose an unspecified number of reports that are required to be submitted to regulators under a 2000 law.