Fiat Chrysler to pay US$70m US vehicle safety fine: sources
Carmaker failed to disclose to regulators vehicle crash death and injury reports
Washington
FIAT Chrysler Automobiles NV has agreed to pay US$70 million in fines to resolve a US 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 (NHTSA) 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. NHTSA in September called Fiat Chrysler's reporting omissions a "significant failure". In July, the carmaker reached a separate US$105 million settlement with NHTSA over its handling of nearly two dozen recalls covering 11 million vehicles.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada