Published On: Sun, Jul 26th, 2015

Fiat Chrysler Nearing Record U.S. Agency Fine Over Recalls

The company will agree to pay the U.S. Department of Transportation a record $105 million.

John Elkkan,   fiat-chrysler

 

Fiat Chrysler Automobiles NV will agree to pay the U.S. Department of Transportation a record $105 million following an investigation into whether the company delayed acting on safety defects, according to a person familiar with the matter.

Fiat Chrysler will also agree to have an independent monitor evaluate how the Auburn Hills, Michigan-based automaker handles recalls, the person said. The announcement could come as soon as Monday…

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Jeff Plungis

Fiat Chrysler

The Chrysler logo is seen outside the Chrysler auto dealer in Broomfield,   Colorado

Fiat Chrysler’s Sergio Marchionne’s plans to merge his

company with GM were foiled by Mary Barra. But the

mogul has not let this setback deter him from his aspiration for

more combination in the More…

John Elkkan,   fiat-chrysler

The New York Times reported on Saturday that Fiat Chrysler

Automobiles CEO, Sergio Marchionne, who leads the world’s

seventh-largest carmaker, sent an email to General Motors Chief

Executive Mary Barra in More…

John Elkkan,   fiat-chrysler

Fiat Chrysler Chief Executive Sergio Marchionne said on Saturday

that he had visited the heads of Tesla Motors Inc and Apple Inc

during a recent trip to California. Marchionne, speaking on the sidelines of the More…

Ferrari_-2011

– Fiat Chrysler Automobiles (FCA) has denied a media report

saying it was considering a move in the tax residence of its Ferrari luxury

sportscar unit outside Italy. “These rumors have no grounds, ” More…

'Porta A Porta' Italian TV Show - January 24,   2013

Fiat Chrysler Automobiles (FCA) said on Thursday it had launched an

expected share offer and a $2.5 billion mandatory convertible bond as it

seeks to reduce its mounting debt pile and fund an ambitious five-year More…

John_elkann_2010- IN

– – After taking full ownership of the Chrysler Corporation in January,

Fiat Group Chairman John Elkann has spent the last several months

formulating a corporate reorganisation of the two entities together with More…

John Elkkan,   fiat-chrysler

Fiat took full ownership of Chrysler only in January when it bought out the

minority interests held by the Chrysler employee retirement health fund,

VEBA. since then the uncertainties about the full combination More…

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