Stellantis Unit FCA Pleads Guilty to Fraud Conspiracy, Will Pay $300 Million
June 03 2022 - 4:21PM
Dow Jones News
By Will Feuer
FCA US LLC, a unit of Stellantis N.V., has pleaded guilty to
fraud conspiracy and agreed to pay about $300 million in criminal
penalties after the company made misleading representations about
the emissions-control systems on more than 100,000 Ram pickup
trucks and Jeep SUVs, the U.S. Department of Justice said.
FCA US pleaded guilty to one count of conspiracy to defraud the
U.S., commit wire fraud and violate the Clean Air Act. Under the
agreement, FCA US has agreed to pay a criminal fine of $96 million
and to forfeit $203.6 million
FCA US made misrepresentations related to over 100,000 Model
Year 2014, 2015 and 2016 Jeep Grand Cherokee and Ram 1500 diesel
vehicles and their emissions of pollutants, fuel efficiency, and
compliance with U.S. emissions standards, the DOJ said.
Sentencing is scheduled for July 18, the DOJ said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 03, 2022 16:06 ET (20:06 GMT)
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