US automotive giant Fiat Chrysler fined $ 40 million

28/09/2019 VEHICLE TYPES, Italian Car Brands, Fiat, Cuff, Automotive
Automotive giant Fiat Chrysler fined $40 million in the US. OtonomHaber
Automotive giant Fiat Chrysler fined $40 million in the US. OtonomHaber

In the U.S., automotive giant Fiat Chrysler was fined $ 40 million for showing car sales figures and misleading investors.

In a statement made by the U.S. Securities and Exchange Commission (SEC), Fiat Chrysler has agreed to pay a fine of 40 million dollars under the judicial settlement agreement it reached with the commission, in the investigation opened against forgery in sales figures.

The company was accused of misleading investors in the stock market by paying distributors, showing the high number of vehicles sold.

Fiat Chrysler promised to improve the sales notification processes and open the audit to the scope of the settlement.

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