Fiat Chrysler Reaches $800M Diesel Emissions Settlement

WASHINGTON — Fiat Chrysler has agreed to a settlement worth about $800 million to resolve claims from the Justice Department and state of California that it used illegal software that produced false results on diesel emissions tests, according to court filings on Thursday.

The settlement includes $311 million in total civil penalties, up to $280 million to resolve claims from diesel owners, and extended warranties worth $100 million. It covers 104,000 Fiat Chrysler diesel vehicles from model years 2014 to 2016, court filings said.

Fiat Chrysler said in a statement that it “maintains its position that the Company did not engage in any deliberate scheme to install defeat devices to cheat emissions tests.”

The settlement also includes $72.5 million for state civil penalties and $20 million in payments to California and to offset excess emissions.

As part of the settlement, Fiat Chrysler did not admit any wrongdoing. German auto supplier Robert Bosch, which provided some diesel components for the vehicles, must pay $98.7 million to 47 states, the District of Columbia and Puerto Rico and Guam, and $27.5 million to the 104,000 Fiat Chrysler diesel owners.

Owners will receive an average of $2,800 to obtain software updates as part of the emissions recall, Fiat Chrysler said.

The Justice Department said the settlement does not resolve an ongoing criminal investigation into Fiat Chrysler’s conduct. The Securities and Exchange Commission is also investigating.

Source : https://nypost.com/2019/01/10/fiat-chrysler-reaches-800m-diesel-emissions-settlement/

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