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Fiat Chrysler will pay more than $650 million to settle allegations that it cheated on emissions tests involving more than 104,000 Jeep SUVs and Ram pickup trucks, a person with the knowledge of the settlement told The Associated Press on Wednesday.
The Italian-American automaker will be required to pay around $311 million in fines to the federal government and California regulators, according to the person, who wasn't authorized to discuss the settlement publicly and spoke to The Associated Press on condition of anonymity.
Under the deal, the company will also need to pay about $280 million to compensate vehicle owners — resulting in payouts of about $2,800 per owner — as well as another $72 million to settle claims made by other states, the person said.
https://apnews.com/84e56ae988e84368...mpaign=SocialFlow&utm_source=Twitter
Fiat Chrysler will pay more than $650 million to settle allegations that it cheated on emissions tests involving more than 104,000 Jeep SUVs and Ram pickup trucks, a person with the knowledge of the settlement told The Associated Press on Wednesday.
The Italian-American automaker will be required to pay around $311 million in fines to the federal government and California regulators, according to the person, who wasn't authorized to discuss the settlement publicly and spoke to The Associated Press on condition of anonymity.
Under the deal, the company will also need to pay about $280 million to compensate vehicle owners — resulting in payouts of about $2,800 per owner — as well as another $72 million to settle claims made by other states, the person said.
https://apnews.com/84e56ae988e84368...mpaign=SocialFlow&utm_source=Twitter