FIAT CHRYSLER AUTOMOBILES NV
Summary of Case:
Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), announces the ongoing investigation into Fiat Chrysler Automobiles NV ("Fiat") concerning the sale of vehicles that fail to meet emissions standards.
The investigation comes on the heels of claims made by the United States Environmental Protection Agency ("EPA") that Fiat put software in Jeep Grand Cherokee and Ram 1500 models that allows them to exceed pollution limits. While the EPA did not call the software a "defeat device," the EPA said that Fiat failed to disclose use of the software. Cynthia Giles, the EPA's enforcement chief, said that Fiat's alleged violations could result in fines of as much as $44,539 per vehicle, or a total potential penalty of $4.6 billion. The EPA stated that Fiat's conduct constituted "a clear violation of the Clean Air Act," and that Fiat had failed to "produce a viable explanation" for the software. New York Attorney General Eric Schneiderman said his office will investigate the EPA's claims against Fiat.
Fiat is the second automaker in recent years that the EPA has accused of violating the law by using software to pass emissions tests. Volkswagen, who admitted to using defeat devices in September 2015, has recently agreed to pay a $4.3 billion fine, bringing the total cost of that sandal to approximately $21.9 billion.
The vehicles subject to the EPA investigation include 2014 to 2016 model year Dodge Ram 1500 pickup trucks and Jeep Grand Cherokees with 3.0-liter diesel engines. The allegations affect roughly 104,000 vehicles.
WHAT YOU CAN DO:
If you own any of the vehicles listed above and you wish to discuss this investigation, please contact attorney Michael Burnett at: (800) 404-7770 or at: firstname.lastname@example.org.
ABOUT SCOTT+SCOTT, ATTORNEYS AT LAW, LLP
Scott+Scott has significant experience in prosecuting major competition, consumer, securities, and antitrust actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.
Scott+Scott, Attorneys at Law, LLP
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.