Fiat Chrysler News: Fiat Chrysler NV has reportedly agreed to pay a penalty amounting to $70 million in order to resolve a current U.S. investigation where the automaker had reportedly failed to disclose details on vehicle crash death as well as injury reports.
This is not the first time that the Fiat Chrysler has faced a significant penalty this year. In one of the other Fiat Chrysler news last July, U.S. Transportation Secretary Anthony Foxx has said that the automaker had acknowledged its violations of the Motor Vehicle Safety Act as it failed to timely notify vehicles owners, dealers and the National Highway Safety Administration with regard to more than half a million vehicles that had defective suspension parts and more than million Jeeps that were prone catching on fire.
The NHTSA was also not satisfied with the way Fiat Chrysler handled 23 vehicle safety recalls that involved more than 11 million defective vehicles.
For this, Fiat Chrysler had agreed to pay a civil penalty amounting to $105 million, it is said to be the largest penalty that has been imposed by the NHTSA to date. Moreover, the auto maker was asked to pay a $70 million cash penalty and was also required to spend at least $20 million on making sure that it meets the performance requirements that was included in the consent order.
Now with its recent U.S. investigation, Reuters reports that the latest penalty is with regard to Fiat Chrysler’s failure to disclose to an unspecified number of reports that are actually required to be submitted under a 2000 law. The NHTSA is expected to announce the said settlement by Thursday, at the earliest.
Stay tuned for more Fiat Chrysler news from Morning News USA.