A deep breath

13 Jan 2017 By Olaf Storbeck

After a rebound in the carmaker’s shares, investors are pricing in a $1.8 bln emissions hit. Were Fiat Chrysler’s sins to be like VW’s, it would be up to $4.2 bln. For now investors seem to be hoping Fiat made a technical slip-up rather than an intentional manipulation.

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The alleged violations of U.S. emissions laws will not impair Fiat Chrysler's ability to meet its medium-term goals, Chief Executive Sergio Marchionne told Italian newspaper La Repubblica on Jan. 13. "I confirm the targets of the plan," Marchionne said.

A day earlier, the U.S. Environmental Protection Agency had accused Fiat Chrysler of illegally using hidden software to allow excess diesel emissions to go undetected. After a 16 percent drop on Jan. 12, shares in Fiat Chrysler were up 3.6 percent to just over 9 euros at 0941 GMT on Jan. 13.

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