Thursday, January 12, 2017

Shares of Fiat Chrysler fall 16% after the charge handling emissions – Diário de Notícias – Lisbon

shares of Fiat Chrysler were suspended in Milan. Brand accused of hiding vehicles to exceed the limit of harmful emissions

The securities of Fiat Chrysler were today suspended on the Milan stock exchange as they were going down more than 16%, after information about a prosecution in the handling of emissions in vehicles ‘diesel’ in the United States.

The environmental agency u.s. (EPA) and the agency for the preservation of the California air, the California Air Resource Board, accused on Thursday the Fiat Chrysler have used in 104 thousand vehicles a device intended to hide that the limit of harmful emissions has been exceeded.

The vehicles that have this system of manipulation of the data are the Jeep Grand Cherokees and Dodge Ram 1500s that are on the market since 2014, according to Reuters.

regulators accuse the company of not to say that the cars had a device that “affects the engine exhaust of a vehicle”, which, according to a news release from the EPA, “is a serious violation of the law, and may result in pollution harmful to the air that we breathe”.

THE EPA is now investigating if this software is a device created purposely to deceive the control authorities.

“once again a great producer of cars took the decision to break the rules and was caught,” said Mary Nichols, the director of the agency for the preservation of the air, in a reference to the case of the Volkswagen.

Fiat Chrysler defended itself in a statement in which he said to be “disappointed” with the agencies by the accusations. The company has ensured that the vehicles comply with the standards of pollutant emissions.

In New York stock exchange, the securities of Fiat Chrysler had a decline of 9.8% and a little after 15:30 (Lisbon time).


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