Fiat Chrysler to pay $40 million for inflated U.S. sales figures, SEC says

Fiat Chrysler to pay $40 million for inflated U.S. sales figures, SEC says

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The settlement with the Securities and Exchange Commission follows more than three years of litigation over FCA’s inflated sales reports that were released from 2012 to 2016. In July 2016, the company revised more than five years of monthly U.S. vehicle sales figures to reflect a new reporting method, amid an investigation by federal authorities.

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