Filed under: Earnings/Financials,Chrysler,Fiat

Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. Fiat Chrysler agreed to pay the civil penalty and to stop violating anti-fraud, reporting and internal accounting control regulations, the SEC said Friday in a statement. "This case underscores the need for companies to truthfully disclose their key performance indicators," Antonia Chion, associate director in theContinue reading Fiat Chrysler to pay $40 million fine for inflating sales numbers

Fiat Chrysler to pay $40 million fine for inflating sales numbers originally appeared on Autoblog on Fri, 27 Sep 2019 17:24:00 EDT. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...