Fiat Chrysler Automobiles N.V. Reaches Settlement with U.S. Securities & Exchange Commission

Rhea-AI Summary

Fiat Chrysler Automobiles N.V. has reached a settlement with the U.S. Securities & Exchange Commission (SEC) regarding emissions-related disclosures from early 2016. The settlement involves a payment of $9.5 million to resolve the SEC's investigation. This comes as FCA N.V. aims to close this chapter amid regulatory scrutiny.

Announcement date: 29 September 2020.

Positive

• None.

Negative

• Settlement payment of $9.5 million may affect cash reserves.
• Regulatory scrutiny indicates potential ongoing compliance challenges.

Fiat Chrysler Automobiles N.V. Reaches Settlement with U.S. Securities & Exchange Commission

The U.S. Securities & Exchange Commission (“SEC”) announced yesterday that it has settled with Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA, “FCA N.V.”) the SEC’s investigation into certain emissions-related disclosures by FCA N.V. in early 2016. The settlement includes a payment of $9.5 million.

London, 29 September 2020

For further information:
tel.: +39 (011) 00 31111
Email: mediarelations@fcagroup.com
www.fcagroup.com

Attachment

• Fiat Chrysler Automobiles N.V. Reaches Settlement with U.S. Securities & Exchange Commission

FAQ

What is the recent settlement amount Fiat Chrysler Automobiles agreed to with the SEC?

Fiat Chrysler Automobiles has agreed to a settlement of $9.5 million with the SEC.

What did the SEC investigate concerning Fiat Chrysler Automobiles?

The SEC investigated certain emissions-related disclosures made by Fiat Chrysler Automobiles in early 2016.

When was the settlement with the SEC announced for Fiat Chrysler Automobiles?

The settlement was announced on 29 September 2020.

How does the SEC settlement impact Fiat Chrysler Automobiles' finances?

The settlement requires Fiat Chrysler Automobiles to make a payment of $9.5 million, which may impact their cash reserves.

What does the SEC settlement indicate about Fiat Chrysler Automobiles' compliance?

The SEC settlement highlights potential ongoing compliance challenges for Fiat Chrysler Automobiles.