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Settlement

The SEC announced the close of an investigation into FCA and its parent company, Fiat Chrysler Automobiles N.V., which were accused of misleading investors about the number of new vehicles sold to U.S. customers each month.

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Volkswagen Overstated Fuel Economy on 98K Vehicles

Volkswagen Group of America will lower the fuel economy ratings of 98,000 vehicles, give up greenhouse gas emissions credits, and reimburse customers under a court settlement with the federal government, the company announced.

Fiat Chrysler Settles Diesel Suit for $110M

Fiat Chrysler Automobiles NV will pay $110 million to settle a lawsuit that it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations.

FCA Will Pay $800M to Settle Diesel Dispute

Fiat Chrysler Automobiles and a German auto supplier have agreed to settle claims and lawsuits arising from the 3.0-liter V-6 diesel engines installed in 104,000 Jeep Grand Cherokee EcoBoost and Ram 1500 EcoBoost models sold in the U.S. in the 2014 to 2016 model years.

Derive Reaches Emissions Settlement with Feds

Derive Systems has agreed to a $300,000 civil penalty and estimates that it will spend about $6.25 million to address a federal complaint that it sold engine control devices designed to override the emissions control systems of vehicles in violation of the Clean Air Act.

Ford Agrees to $299M Takata Settlement

Ford Motor Co. has agreed to pay $299.1 million to settle consumer economic-loss claims linked to faulty air bags manufactured by Takata Corp. The settlement covers diverse forms of economic damages linked to Takata air-bag inflators.

VW Settles Civil Claims for 3.0L Diesels

Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its 3.0L V-6 diesel engine that violated emissions regulations in a settlement that must receive a blessing from the U.S. Federal Trade Commission and a federal judge.

Hyundai Pays $41.2M to Resolve Fuel Ratings Case

Hyundai Motor has agreed to pay $41.2 million to settle consumer protection claims brought by 33 states following the automaker's 2012 restatement of fuel economy ratings on one quarter of their 2011 and 2012 model-year vehicles.