Fiat Chrysler fined by SEC over payments to dealers to inflate sales figures
The Securities and Exchange Commission settled charges with automaker FCA US LLC, and its parent company, Fiat Chrysler Automobiles N.V., FCAU, -0.62% for misleading investors about the number of new vehicles sold each month to customers in the United States.
FCA US and Fiat Chrysler Automobiles did not admit or deny the allegations but agreed to pay $40 million to settle charges that between 2012 and 2016, Fiat Chrysler inflated new vehicle sales results by paying dealers to report fake vehicle sales and maintaining a database of actual but unreported sales, which employees often referred to as a "cookie jar.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mylan to pay $30 million U.S. SEC fine related to EpiPen overcharge probeMylan NV has agreed to pay a $30 million fine to settle U.S. Securities and Exch...
Weiterlesen »
Influencer Says Mass Shootings Are Less Likely in 'Nicer' Theaters'Why would a shooter pay $30 for a movie when they can pay $15.'
Weiterlesen »
Mac Miller Death Investigation Triggers Additional Alleged Dealer ArrestThe investigation into Mac Miller's death has led to an additional arrest.
Weiterlesen »
Mac Miller Death Investigation Triggers Third Alleged Dealer ArrestThe investigation into Mac Miller's death has led to an additional arrest.
Weiterlesen »
Dollar softens as dealers await trade news, eye political turmoilThe dollar softened on Friday, drifting from multi-week highs against most major...
Weiterlesen »
Bakuchiol Is the Natural Retinol Alternative You Need for Sensitive SkinWhat Is Bakuchiol? The Natural Retinol Alternative for Sensitive Skin, Explained
Weiterlesen »