FCA Diesel Owners to Get Money and Fix in Emissions Settlement

FCA Diesel Owners to Get Money and Fix in Emissions Settlement

Following extensive negotiations, Fiat Chrysler Automobiles has reached a settlement with the Department of Justice, the Environmental Protection Agency, the State of California and an assortment of other entities over its "noncompliant diesel vehicles".

Bosch and its US unit must pay $98.7 million to 47 states, the District of Columbia and Puerto Rico and Guam, and $27.5 million to 104,000 Fiat Chrysler diesel owners.

According to the USA government, FCA used "illegal and undisclosed software" on 2014-2016 Ram 1500 and Jeep Grand Cherokee vehicles equipped with the 3.0-liter EcoDiesel V6 engine.

FCA also settled a class action lawsuit over the diesel issue and this means current and former owners will be eligible to receive a payment of approximately $2,800 (£2,195 / €2,434).

In last year's third quarter, Fiat Chrysler, also known as FCA, took an $810 million (700 million euros) charge to deal with possible USA diesel emissions settlement costs, cutting into the company's profits. Roughly 100,000 vehicles are affected; of those, more than 13,000 are in California.

In a massive settlement Thursday that involves the Justice Department, the Environmental Protection Agency, and the state of California, Fiat Chrysler will adhere to a number of penalties for violating the Clean Air Act and California state law. Fiat Chrysler has two years to fix 85 percent of the vehicles being recalled, and it will face more penalties if it fails to do so.

However, under the terms of the settlement, no admission of guilt is required from Fiat Chrysler.

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Wheeler and Deputy Associate Attorney General Jesse Panuccio said the settlement shows that the Trump administration will enforce environmental law and provide a level playing field for the majority of companies that do follow environmental rules and laws.

In 2016, Volkswagen pleaded guilty to criminal charges and agreed to pay a $2.8 billion penalty to settle government lawsuits.

Fiat Chrysler will agree to corporate governance reforms meant to prevent future emissions violations under the agreement, the person said. The company will also need to pay about $280 million to compensate owners. VW's tally is past $25 billion in the USA alone.

Fiat Chrysler has agreed to pay over half a billion dollars in fines for using illegal software that produced inaccurate emissions tests results.

Representatives for Fiat Chrysler and the Justice Department declined to comment.

This settlement is not expected to outline any criminal charges.

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