Fiat Chrysler Automobiles NV (FCAU) A filed law
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A filed lawsuit doesn’t inherently mean a defendant is guilty. On the other hand, in that it may be true that where there’s smoke there’s fire, Fiat Chrysler Automobiles investors weren’t taking any chances today. FCAU fell more than 4% on Thursday following news filed claims that the automaker attempted to falsify sales figures for its vehicles.
The suits, filed on Tuesday in Chicago, alleges the company bribed at least two U.S. dealers to report unsold vehicles as sold in order to boost sales figures, with those vehicles in question reverting back to an unsold status a few days later. One dealer claims he was offered $20,000 to report an additional 40 cars had been driven off his lot than were actually purchased during the period in question.
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