FCA US LLC and Fiat Chrysler Automobiles N.V. Reach Settlement Agreement with U.S. Securities and Exchange Commission
September 27 2019 - 12:47PM
FCA US LLC and Fiat Chrysler Automobiles N.V. Reach
Settlement Agreement with U.S. Securities and Exchange
Commission
The U.S. Securities and Exchange
Commission announced today that it has reached an agreement with
FCA US LLC (FCA US) and Fiat Chrysler Automobiles N.V. (NYSE: FCAU
/ MTA: FCA) concerning the legacy sales reporting matter. FCA US
cooperated fully in the process to resolve this matter. The company
has reviewed and refined its policies and procedures and is
committed to maintaining strong controls regarding its sales
reporting. The settlement requires a payment of $40 million which
will not have a material impact on the financial statements of the
company.
London, 27 September 2019
For further information:tel.: +39 (011) 00 63088Email:
mediarelations@fcagroup.comwww.fcagroup.com
- FCA US LLC and Fiat Chrysler Automobiles N.V. Reach Settlement
Agreement with U.S. Securities and Exchange Commission
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