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From a WSJ email...
EPA Accuses Fiat Chrysler of Diesel-Emissions Violations
U.S. environmental regulators accused Fiat Chrysler of using software that allowed illegal emissions in diesel-powered vehicles, a day after six current and former Volkswagen executives were criminally charged in the German auto giant's long-running emissions cheating scandal.
The Environmental Protection Agency, days before the end of the Obama administration, delivered a violation notice to Fiat Chrysler accusing the auto maker of using illegal software that allowed 104,000 recent diesel-powered Jeep Grand Cherokee sport utilities and Ram pickup trucks to spew toxic emissions beyond legal limits. The affected vehicles have model years ranging between 2014 and 2016. The EPA said the illegal activity could cost the company $4.63 billion, based on a $44,539 penalty for each affected vehicle.
Fiat Chrysler shares fell sharply on the news.
EPA Accuses Fiat Chrysler of Diesel-Emissions Violations
U.S. environmental regulators accused Fiat Chrysler of using software that allowed illegal emissions in diesel-powered vehicles, a day after six current and former Volkswagen executives were criminally charged in the German auto giant's long-running emissions cheating scandal.
The Environmental Protection Agency, days before the end of the Obama administration, delivered a violation notice to Fiat Chrysler accusing the auto maker of using illegal software that allowed 104,000 recent diesel-powered Jeep Grand Cherokee sport utilities and Ram pickup trucks to spew toxic emissions beyond legal limits. The affected vehicles have model years ranging between 2014 and 2016. The EPA said the illegal activity could cost the company $4.63 billion, based on a $44,539 penalty for each affected vehicle.
Fiat Chrysler shares fell sharply on the news.
