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Fiat Chrysler

Fiat Chrysler to Pay $70 Million U.S. Auto Safety Fine

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Reuters
Reuters
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Reuters
Reuters
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December 10, 2015, 10:33 AM ET
Chrysler Fiat Announces Jeep Brand Will Anchor Company Overhaul
TOLEDO, OH - MAY 7: The 2014 Jeep Cherokee undergoes assembly at the Chrysler Toledo North Assembly Plant Jeep May 7, 2014 in Toledo, Ohio. Fiat Chrysler Automobiles announced it wants to turn Jeep into a global brand as part of an aggressive five-year plan. The automaker also plans on bringing back the Alfa Romeo to the U.S. (Photo by Bill Pugliano/Getty Images)Photograph by Bill Pugliano — Getty Images

Fiat Chrysler Automobiles (FCAU) has agreed to pay $70 million in fines to resolve a U.S. investigation that it failed to disclose vehicle crash death and injury reports, sources told Reuters on Wednesday.

The settlement is expected to be announced by the National Highway Traffic Safety Administration as early as Thursday. Fiat Chrysler in September acknowledged it had failed to disclose an undisclosed number of reports that are required to be submitted under a 2000 law, which NHTSA called at the time a “significant failure.”

In July, the automaker reached a separate $105 million settlement with NHTSA over its handling of nearly two dozen recalls covering 11 million vehicles.

Major auto companies are required to electronically submit massive amounts of data involving vehicle crashes, deaths, lawsuits, warranty claims and other information.

 

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