Fiat Crashes After EPA Accuses Carmaker Of Cheating Emissions Tests, “Skirting Rules & Got Caught”
by Tyler Durden
ZeroHedge.com
Jan 12, 2017
It appears that, as we first predicted back in 2015, they were all doing it.
Fiat Chrysler shares are collapsing following EPA accusations that the automaker engaged in a similar scheme as Volkswagen, and used cheating software to beat diesel emissions tests, and this violated pollution laws. Why? Maybe it has something to do with Fiat’s appeasement of the Trump administration, when last Sunday it announced a plan to Invest $1 Billion in the U.S. It forgot, however, that for the next 8 days, it is still Obama’s country.
Sarcasm aside (correct though it may be), the EPA told the automaker it believes its auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law.
A person briefed on the matter told Reuters, Fiat Chrysler does not agree with the EPA’s assessment. An automaker can use an auxiliary emissions control device in limited circumstances to protect the engine from damage, but it must be declared to regulators.
The EPA allegations comes amid rising scrutiny by EPA of automaker emissions after Volkswagen AG admitted to cheating diesel emissions tests in 580,000 U.S. vehicles.
The Rest…HERE
