(Bloomberg) – Fiat Chrysler Automobiles NV was accused of violating pollution laws with 104,000 diesel vehicles, sending the shares plunging on the prospect the automaker may follow Volkswagen AG in facing billions of dollars in fines.
The Environmental Protection Agency alleged Fiat Chrysler put software in 2014-2016 Jeep Grand Cherokee and Ram 1500 models that allows them to exceed pollution limits. The EPA stopped short of calling the software a "defeat device" but said the carmaker failed to disclose its use. Fiat Chrysler said it meets all applicable regulatory requirements and will work with President-elect Donald Trump's administration to contest the allegations.
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