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…..
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