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'Fines paid by Fiat to settle fuel emissions lawsuit unlikely to top $1 bn'

Analysts agreed that the case appeared less severe than larger rival Volkswagen

Reuters  |  Milan 

Any potential fines Fiat Chrysler (FCA) may need to pay to settle a US civil lawsuit over diesel emissions will unlikely top $1 billion, analysts said, adding the case appeared less serious than at larger rival Volkswagen. The US government filed a civil lawsuit on Tuesday accusing FCA of illegally using software to bypass emission controls in 104,000 vehicles sold since 2014, which it said led to higher than allowable levels of nitrogen oxide (NOx) that are blamed for respiratory illnesses. FCA's shares dropped 16 per cent in January when the U.S. Environmental Protection ...

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First Published: Wed, May 24 2017. 21:24 IST