Thursday, January 12, 2017

Fiat Chrysler is said to have tampered with the exhaust gas values – FAZ – Frankfurter Allgemeine Zeitung

Just a day after the Volkswagen group with the us Department of justice has agreed to a billion-dollar penalty for the Manipulation of diesel engines, paving the way for the similar affair to another car manufacturer: The EPA raises the Italian-American company Fiat-Chrysler Automobiles (FCA), to have in more of its diesel models illegal, “hidden Software”. The use of the Software had resulted in excessive exhaust gas emissions

Roland Lindner author: Roland Lindner, an economic correspondent in New York.

“another Time a big car manufacturer has made the business decision to break the rules, and is caught,” said Mary Nichols, Chairwoman of the California authority of CARB, working with the EPA on the matter. Cynthia Giles, the EPA said, the car manufacturers have “a clear and serious violation” against an American environmental law is committed.

Fiat-Chrysler rejected the accusations. The Board of Directors Chairman Sergio Marchionne said, who draw Parallels between the VW affair and the events in his company, Smoking “something Illegal”. The company was “disappointed” by the actions of the authorities, we are convinced that the systems meet all the requirements. Nevertheless, the step that the American regulators caused the financial markets to great uncertainty: The share price of FCA lost on Thursday, in late trading, up from 16 per cent in value. The financial holding Exor, the Fiat-founding Agnelli family, recorded a Minus of 9 percent. Also the prices of other car companies lost value.

So serious is the matter on the stock exchange was taken: they do not seem, at least to reach as yet, the dimensions of the VW scandal. The charges relate to the according to the EPA, a total of 104,000 vehicles from the brands Jeep, and Dodge from the model years 2014 to 2016. In the case of VW it went, however, alone on the American market to almost 600,000 cars. The EPA did not want to go also, so far as to call the defective Software with a “Defeat Device”, as it has done in the VW affair from the beginning. Such Defeat Devices help to manipulate emission values. They are illegal.

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It was still the subject of ongoing investigation, whether or not the Software fall into this category. However, the fact that the manufacturers have not disclosed in the certification process for the relevant cars, the existence of Software that act alone is illegal. Cynthia Giles said in addition, Fiat-Chrysler: “There is no doubt that you have contributed to illegal pollution.” On Thursday there was a Meeting between representatives of the FCA and the authority. The car manufacturers have not supplied satisfactory answers to the allegations. FCA denied, in his message, to have in his car “Defeat Devices” used.

According to Giles could come because of the claimed violations of environmental laws at the FCA, a fine of more than 44,000 dollars per affected car. At up to 104,000 cars, this could mean up to a maximum civil penalty of $ 4.6 billion. VW has announced this week an agreement with the Ministry of justice and a fine of 4.3 billion dollars. The settlement of criminal investigations. Including a series of comparisons, has concluded that VW had in various civil proceedings, add up the cost of the diesel affair for the group in America now more than $ 20 billion.


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