The EPA accused Fiat Chrysler Automobiles NV of illegally using hidden software to allow excess diesel emissions to go undetected, the result of a probe that stemmed from regulators’ investigation of rival Volkswagen AG.
By Brent Snavely, Detroit Free Press DETROIT — Chrysler lost $690 million during the first three months of the year because of costs of repaying debt and repurchasing shares held by a UAW trust. The Auburn Hills, Michigan, automaker said it spent $504 million to repay debt to the UAW Retiree Medical Benefits Trust and […]
Reuters reports that Chrysler’s sales have outpaced European carmaker — and Chrysler parent company — Fiat’s sales in recent months. According to the analysis, Chrysler June earnings ($155 million) were only slightly less than Fiat’s three month total (Fiat earned $175 million from April through June). These impressive numbers have enabled the once-troubled American company […]