Thursday, January 12, 2017

Fiat Chrysler gets a Diesel-Problem – Handelsblatt


The share price of car manufacturer rustled on Thursday after learning of the allegations, according to below.

(photo: AFP)

Düsseldorf/WashingtonThe agreement of Volkswagen with the U.S. Department of justice was not yet 24 hours old, because the American environmental authority EPA complains that the next manufacturer to use illegal Cheat software. This time it hits the Italian-American car group Fiat-Chrysler Automobiles (FCA).

Fiat-Chrysler have used from 2014 to 2106 in about 104,000 diesel illegal defeat devices in vehicles to reduce the nitrogen oxide emissions on the test stand. “Once again, a large car manufacturer has bypassed the rules and was caught,” said the Boss of the Californian environmental authority Carb. The EPA and Carb are working together on the case of Fiat-Chrysler. The two had already been transferred to Volkswagen and the billion-dollar agreement paved the way.

“Software, which has an impact on the emissions from the car engines, not known, is a serious breach of the law, which can lead to harmful contamination of the air we breathe,” EPA representative Cynthia Giles said. “We will investigate the impact of these devices. All car manufacturers have to play by the same rules. And we will continue to draw companies to the responsibility, the unfair and illegal competition, gain advantage," noted Giles.

In the case of Fiat-Chrysler are less affected by the Italian cars, but the American models. According to the US environmental authorities have been used mainly in the models of Jeep Grand Cherokee and Dodge Ram 1500 is a great SUV and a Pick – up Truck of the model years 2014 to 2016, with 3.0-litre diesel models, a Software for the concealment of the actual emissions. The EPO according to which a penalty of up to 44.539 US could threaten dollars per car. A total of approximately 4.63 billion dollars (4,34 billion Euro).

The share price of FCA rustled on Thursday after learning of the allegations, to the bottom. On the New York stock exchange, the rate declined by more than 18 percent. The shares were suspended from trading.

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According to the multi-billion dollar damage for Volkswagen in the industry, all alarm bells, as soon as the words Diesel and emissions fall: Rebecca Lindland, An analyst with the Auto specialist Kelly Blue Book warns, however: “It is important to note that this is exactly the Same as in the case of VW, but any mention of a recall in connection with diesel engines and emissions, casting a shadow on a company,” writes Lindland. “We will have to wait and see what will come of it.” But to act this time, it’s only a study of the emissions and not to willful fraud in FCA.

Fiat Chrysler Automobiles, whose CEO Sergio Marchionne had in Detroit of its new models to celebrate, said in a statement, “disappointed” by the estimates of the EPA. The Diesel car of the group fulfilled all the regulatory requirements, emphasised the Management.

“FCA US has spent months in order to provide the EPA and other government agencies huge amounts of information, and on various occasions tried to explain to the EPA representatives, his control technologies for emissions,” writes the company. Also, there have proposed several solution approaches to respond to the Concerns of the EPA.

FCA US hope to meet as soon as possible, the competent Department of the EPO, “to show that the control strategies of FCA are justified, and no ‘fake-devices’,” the company said.

The EPA said in a conference call that Fiat Chrysler have already violated the US clean air act “Clean Air Act” by the manufacturer shall be liable to the doubt of the programs in the certification of the cars I kept. This alone could already draw fines and penalties.

In the past year, there had been in Europe, accusations in connection with the exhaust gas values at Fiat. This had not however been confirmed officially. The latest allegations from the United States, however, have a completely different caliber.

In September 2015, the EPA, Volkswagen had accused publicly for the first time, to have large-scale emission values for diesel cars tampered with. This VW plunged into the deepest crisis in its history and led to enormous cost. Meanwhile, the group with customers, car dealers, local authorities and the Ministry of justice in the United States has agreed, in the context of comparisons to penalties and compensation in the amount of more than 20 billion dollars. However, the cases are still not directly comparable and have different orders of magnitude – in the case of VW, nearly 600,000 U.S. Diesel were affected.

With Material of the dpa.


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