Securities and Exchange Commission: Automaker to Pay $40 Million for Misleading Investors
September 27, 2019
September 27, 2019
WASHINGTON, Sept. 27 -- The Securities and Exchange Commission issued the following news release:
The Securities and Exchange Commission today charged Michigan-based automaker FCA US LLC, and its parent company, Fiat Chrysler Automobiles N.V., for misleading investors about the number of new vehicles sold each month to customers in the United States. FCA US and Fiat Chrysler Automobiles have agreed to pay $40 million to settle the charges.
According to the SEC's order, . . .
The Securities and Exchange Commission today charged Michigan-based automaker FCA US LLC, and its parent company, Fiat Chrysler Automobiles N.V., for misleading investors about the number of new vehicles sold each month to customers in the United States. FCA US and Fiat Chrysler Automobiles have agreed to pay $40 million to settle the charges.
According to the SEC's order, . . .