Interesting to see what comes out of this..WASHINGTON -- Fiat Chrysler Automobiles is nearing a settlement with the U.S. Justice Department that would end a two-year criminal investigation into whether it knowingly sold diesel vehicles that violated clean-air rules, two people familiar with the matter told Bloomberg.
The resolution would include a financial penalty in line with Fiat Chrysler’s guidance to investors, one of the people said. The company is also getting closer to settling related civil litigation over diesel-rigging allegations, a third person said. Fiat Chrysler set aside $810 million in October for expenses related to all diesel probes.
A settlement of the civil litigation could be announced as early as this week, Reuters reported earlier on Tuesday.
The criminal settlement could be announced as soon as this month, two people who shared details of the confidential talks on the condition of anonymity told Bloomberg. The company would be required to admit wrongdoing, one of the people said. Details of the resolution are still being finalized and could change.