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…
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at email@example.com.
For the full story, click here
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…
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…
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…
– 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…
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…
– – 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…
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…