A deep breath

13 January 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.

This content is for Subscribers only

Subjects

Regions

Context News

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.

Email a friend

Please complete the form below.

Required fields *