DIESEL ACCUSATIONS COST FIAT CHRYSLER $812M
Fiat Chrysler Automobiles said it made
$642 million in net profit in its first quarter after the death of former CEO Sergio Marchionne. But that figure was dragged down by what the company estimates its alleged U.S. diesel emissions scandal will cost it – $812 million (713 million euro). The company faces lawsuits over alleged diesel emissions cheating in an estimated
100,000 2014 to 2016 Ecodiesel Ram
1500 and Jeep Grand Cherokee vehicles. The company, notably, is not admitting wrongdoing.