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Fiat Chrysler Nearing Record U.S. Agency Fine Over Recalls

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Fiat Chrysler Automobiles NV will agree to pay the U.S. Department of Transportation a record $105 million following an investigation into whether the company delayed acting on safety defects, according to a person familiar with the matter.

Fiat Chrysler will also agree to have an independent monitor evaluate how the Auburn Hills, Michigan-based automaker handles recalls, the person said. The announcement could come as soon as Monday.