Fiat Reaches Criminal Plea Deal to Pay $300 Million in US Diesel Case
- Pact to resolve years-long criminal probe of emissions rigging
- Agreement with US could be announced as soon as next week
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Fiat Chrysler Automobiles NV’s US business has reached a plea deal to resolve a years-long criminal probe into allegations it rigged diesel-powered vehicles to cheat on emissions, according to a person familiar with the agreement.
The accord with the US Justice Department would include a guilty plea and a payment of about $300 million and could be announced as soon as next week, according to the person, who asked not to be identified because the pact isn’t yet public.