Fiat Chrysler shares fall on latest diesel emissions allegations [Reuters]
FIAT CHRYSLER AUTO NV (FCAU)
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Source: Reuters
Fiat Chrysler shares fall on latest diesel emissions allegations | Reuters 4 Min Read WASHINGTON, May 18 (Reuters) - Fiat Chrysler Automobiles NV shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions. The U.S. Justice Department filed a civil lawsuit against Fiat Chrysler and its VM Motori SpA unit in May 2017, accusing the Italian-American automaker of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. Court documents filed by lawyers suing Fiat Chrysler on behalf of owners this week in an amended complaint cited emails that VM Motori knew as early as 2010 that an auxiliary emissions control device (AECD) would be illegal if concealed from regulators. Fiat Chrysler shares fell as much as 3.2 percent after Bloomberg News reported on the documents earlier on Friday. The shares were down 1.7 percent at $21.81 in early afternoon. The
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