A $105 million fine (for lapses in handling of recalls) sounds hefty, until you learn that the fine could have been as high as $700 million. More interesting are the other conditions that go along with the fine, including a lengthy period during which an independent monitor will audit the company’s recall processes >>>
LINK: Fiat Chrysler faces record $105 million fine over recall lapses (by Reuters, in Fortune)
U.S. authorities are close to imposing a record $105 million fine on Fiat Chrysler Automobiles for recall lapses covering millions of vehicles, the Wall Street Journal reported on Saturday citing people familiar with the matter.
A settlement could be unveiled as early as Monday and Fiat Chrysler will have an opportunity to recoup some of the penalties if it meets certain conditions, the newspaper said…..
What do you think?