Fiat Chrysler Automobiles N.V. Reaches Settlement with U.S. Securities & Exchange Commission
Fiat Chrysler Automobiles N.V. has reached a settlement with the U.S. Securities & Exchange Commission (SEC) regarding emissions-related disclosures from early 2016.
Sentiment and the balance of points
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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.
Details
News Market Reaction – FCAU
The recorded move for FCAU in the trading session of this news was -1.70%.
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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
London, 29 September 2020
For further information:
tel.: +39 (011) 00 31111
Email: mediarelations@fcagroup.com
www.fcagroup.com
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