Feds Investigating FCA for Inflating Sales
Fiat Chrysler Automobiles confirmed Tuesday that it's facing civil and criminal probes into it monthly sales reporting. The announcement comes as the automaker fends off an Illinois dealer group that has accused the company of inflating its numbers.
Fiat Chrysler Automobiles confirmed Tuesday that it's facing civil and criminal probes into it monthly sales reporting. The announcement comes as the automaker fends off an Illinois dealer group that has accused the company of inflating its numbers.
FCA acknowledged Tuesday that it's under investigation by the U.S. Securities and Exchange Commission and the U.S. Department of Justice. FBI agents visited the homes of nine people who run FCA business centers on July 11, reports Bloomberg.
"In its annual and quarterly financial statements, FCA records revenues based on shipments to dealers and customers and not on reported vehicle unit sales to end customers," FCA said in the statement.
The investigations follow civil lawsuits filed by the Ed Napleton Automotive Group in January that accused the automaker of inflating its sales numbers. Napleton operates 37 dealers in Illinois, Florida, and other states. The Napleton Fleet Group provides vehicles to commercial fleets.
Napleton alleged that a FCA district manager asked him to falsely report 40 vehicles as sold in exchange for a $20,000 payment, reports Bloomberg.
More Operations
Managing Fleet Costs in an Era of Permanent Volatility
Fleet operating costs have risen more than 20% since 2020, raising a key question: When does extending a vehicle's service life stop making financial sense?
Read More →
The Next Evolution of Fleet Management: Autonomous Operations
This opening keynote session at the Fleet Forward Conference highlights the future of autonomous driving for fleets.
Read More →
How to Reduce the Total Cost of Risk From Catalytic Converter Theft
A stolen catalytic converter can cost fleets far more in downtime and lost productivity than in repairs. A total-cost-of-risk approach can help fleet managers quantify their exposure and prioritize theft prevention.
Read More →
Personal-Use Charges Rise as Vehicle Values Fall | AF News Recap
Personal-use charges are climbing, wholesale used-vehicle values are declining, and commercial fleet sales growth is slowing. This week, we're breaking down the latest fleet data, plus how Element Fleet Management is helping Waymo prepare for its first Canadian robotaxi market.
Read More →
Here's When You Should Make an Exception to Fleet Policy
Fleet policies are designed to create consistency, but not every driver or situation fits neatly within standard rules.
Read More →
AI-Native or AI-Acquired: What Should Fleet Managers Look for in an AI Platform?
Six questions can help fleet managers look beyond AI marketing claims to evaluate integration, data access, and real-world operational performance.
Read More →
A buyer's guide to fleet management software in 2027
Buying fleet management software in 2027 means looking beyond features and price. As fleet operations, technology and expectations evolve, this guide explores what today’s fleet professionals should consider when choosing a system that can deliver value now and adapt to what comes next.
Read More →
What Will Shape the Next Era of Fleet Management?
EVs, AI, and autonomous vehicles are reshaping fleet management. Discover what’s ahead—and how fleet leaders can prepare for the next era.
Read More →
How Fleets Can Recruit and Train Veterans for Technician Roles
Here's how the technician shortage has affected uptime for fleets, and what to do about it.
Read More →
Avis Budget Group Deploys Neology Toll Management Technology Across Major Brands
Neology’s neoFleet platform will manage toll transactions and toll-authority operations for vehicles across Avis, Budget, Payless, Budget Truck and Zipcar.
Read More →